Binance has been in touch with Facebook regarding Libra, Finance Magnates writes. According to Binance’s strategy officer Gin Chao, the exchange does not rule out the possibility of listing Libra in the future. However, the talks are still “very much at a preliminary stage” and have mostly concentrated on “dealing with infrastructure,” Chao explained.
While Facebook is not seeking to list the cryptocurrency at the moment since it will be on a private chain, it might be looking for a secondary market after the launch, Chao said.
“Currencies benefit from a secondary market, so it would be in their best interest to want to be listed,” Chao noted.
He believes Binance is not the only exchange that would be interested in listing Libra. He believes the listings would be in the mutual interest of Facebook and cryptocurrency exchanges.
“So if they decide to go on a public chain, and they get the sort of adoption that they could get, we would probably want to list them,” Chao said.
Facebook shared its plans to launch low-volatility cryptocurrency Libra earlier this month. The announcement has so far been received coolly by multiple European central banks, Singapore financial regulator, and the Bank for International Settlements (BIS).