Cryptocurrency exchange Binance is considering cooperation proposals from dozens of cryptocurrency projects

Changpeng Zhao, the founder and CEO of Binance, said on Twitter that the exchange is considering 50 to 100 cooperation agreements from cryptocurrency companies affected by the bearish trend prevailing in the market.

With this message, he corrected journalists who had begun to massively publish information a day earlier that the number of companies waiting for Binance’s support exceeded 5,200. «In my interview with Yahoo, I said 50 to 100, I have no idea how this number turned into 5200,» the exchange’s chairman said.

«Everyone knows that we have the largest cash reserves in the industry. We just recently announced a deal with Cristiano Ronaldo. This is an expensive multi-year deal. So obviously, we have cash reserves. Everyone already knows that, that’s why they talk to us,» Zhao added.