Over time, Binance has become more and more well-known. The exchange has been operating successfully with millions of consumers worldwide since its launch in 2017. With more than 600 coins available for trading, the exchange has created a reliable platform.
Binance and Sequoia Capital, two of the principal equity investors in Elon Musk’s buyout of Twitter, are still providing funds for the acquisition, according to sources close to both companies.
The purchase currently includes a $800 million commitment from Sequoia Capital. Following Musk’s most recent bid for Twitter, it appears like a deal may be close soon. According to a person familiar with the Sequoia funding situation, the company will not be leaving Elon behind and will continue to support him.
On the other hand, Binance made a contribution of almost $500 million to Musk’s acquisition of the well-known social media site. According to a company representative, the largest cryptocurrency exchange network in the world will continue to pay the transaction.
Elon Musk made a purchase bid for Twitter on October 4 starting at $54.20 per share. At the beginning of the year, Musk first proposed buying Twitter, but in April he changed his mind. CNBC reports indicate that the deal may now close successfully soon. The deal’s formality has not yet been confirmed by either party.
Due to a problem getting $13 billion in debt finance, the proposed takeover of Twitter was apparently having trouble coming to fruition. We don’t know if this problem was solved.
Binance to fly high with crypto air tickets
To establish its footprint in every conceivable field, the exchange has teamed up with a number of businesses. Cryptocurrency has become one of the quickest and least expensive payment options. However, the value of cryptocurrencies for various forms of payment has never been universally accepted.
Binance recently teamed up with Crypto Air Tickets in a cooperation. Users will be able to use Binance Pay to purchase plane tickets thanks to the new cooperation.
Users will be able to book and pay for flights using the cryptocurrency in their wallets thanks to the new relationship. Through their marketplace, consumers will be able to book flights thanks to the agreement. This eliminates the need for any other flight booking apps.
Users of Binance can purchase plane tickets without first converting their cryptocurrency to money. Users can utilize the cryptocurrency in their Binance wallets to quickly and easily book flights to their preferred locations.
In a recent interview, CZ added that the exchange might invest and buy more than $1 billion.