A senior executive at cryptocurrency exchange Binance attributes its growing user base to rising inflation across the globe.
What Happened: “Now that we are seeing inflation ramping up worldwide, we are seeing that more and more people are seeking cryptocurrency, like bitcoin, as a way to protect themselves from inflation,” said Maximiliano Hinz, head of Binance Latin America in an interview with Reuters on Wednesday.
Hinz named Argentina as an example of this phenomenon. While the country’s annual inflation rate is 90%, …
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