BlockBeats News, November 5th, Binance founder CZ shared some interesting insights at the second Gulf Investment Forum in Bahrain. Let's take a look! 🎉

First, CZ mentioned that although Bahrain is a crypto-friendly country, it is not very well known. After obtaining a crypto asset service provider license from the Central Bank of Bahrain, Binance also successfully acquired a banking license, which means that Binance can directly convert fiat currency and cryptocurrency in Bahrain. This undoubtedly paves the way for Binance's business expansion in the Middle East.

Next, CZ talked about how Hong Kong peers are actively exploring Real World Assets (RWA). Although RWA has relatively low price volatility, this has also led to insufficient trading volume in the secondary market, making liquidity prone to shrinkage. He believes that innovators need to propose new use cases to address this issue. It seems that the future development of the blockchain industry is still full of challenges and opportunities!

Finally, CZ expressed a very optimistic view on investment opportunities in the Middle East. He is not only focusing on investments in the blockchain field but has also made strategic layouts in artificial intelligence and biotechnology in GCC countries. This diversified investment strategy may bring more growth opportunities for Binance.

Friends, what are your thoughts on the cryptocurrency market in the Middle East? Feel free to share your opinions in the comments section and let's discuss this vibrant market together!