Crypto Giant Binance To Invest $500,000,000 in Twitter Amid Elon Musk’s Social Media Buyout

Crypto Giant Binance To Invest $500,000,000 in Twitter Amid Elon Musk’s Social Media Buyout


Leading crypto exchange Binance says it will invest $500 million into Twitter alongside billionaire Elon Musk, who purchased the social media platform for $44 billion last month.

In a new blog post, Binance announced it is investing in the social media giant because they believe Musk’s acquisition will help bring about the fusion of social media and Web 3.0 services.

Binance also believes the acquisition will accelerate the adoption rate of crypto assets and blockchain technologies.

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As stated by Binance CEO Changpang Zhao,

“We’re excited to be able to help Elon realize a new vision for Twitter. We hope to be able to play a role in bringing social media and Web 3.0 together and broadening the use and adoption of crypto and blockchain technology.”

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