Changpeng Zhao: Advertising Restrictions Won’t Affect Cryptocurrency Demand - Aliens: AI Crypto News & Markets Updates
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Changpeng Zhao: Advertising Restrictions Won’t Affect Cryptocurrency Demand

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Aliens

Thu, Jan 20, 2022

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Binance CEO Changpeng Zhao said the increase in cryptocurrency advertising restrictions would not affect its demand.

In an interview with CNBC, he emphasized that brick-and-mortar crypto ads and crypto ads, in general, have had little impact on user growth and have only become commonplace over the past few years. Instead, he said that cryptocurrency adoption mostly comes from “word of mouth marketing.”

He also added that major ad services such as Google and Facebook had not allowed crypto ads for a long time. As a result, its explicit advertising does not play a significant role in cryptocurrency adoption or demand. He went on to say that the series of crackdowns on cryptocurrency advertising by regulators only point to growing demand.

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