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Binance CZ: Ethereum Market Cap Has Exceeded Ferrari, BMW

Binance CZ: Ethereum Market Cap Has Exceeded Ferrari, BMW
  • Ethereum’s market cap has now surpassed many renowned companies including Ferrari, BMW, Spotify, and many others says Binance CEO CZ.
  • More so, Binance has also exceeded Xerox despite its smaller market cap.
  • CZ tweeted the above facts in reply to a post saying BTC has exceeded payment giant Visa’s market cap.

According to Binance CEO Changpeng Zhao, Ethereum’s market cap is much bigger compared to heavyweight companies like Ferrari, BMW, and Spotify, among others. CZ added that Binance outweighs Xerox despite its smaller market cap.

Interestingly, Zhao said that the current ETH market cap surge is now closer to that of Google. At the time of writing, the Ferrari market cap was at $36.28 billion, BMW had $47.18, wherein Baidu also had $65.04 billion, respectively.

CZ tweeted,

ETH’s market cap is bigger than Spotify, GM, Baidu, Ferrari, BMW, etc. BNB’s market cap, while still small, is bigger than Xerox’s, the inventor of the modern GUI, lol… Industries shift.

He said this in reply to a tweet saying that BTC’s market cap has flipped payment giant Visa’s.

Indeed, Bitcoin has surpassed Visa with about $507 billion market cap. Additionally, many expect that BTC will even overtake Mastercard when it maintains the current upward surge.

He also added that BNB and Ethereum have a great future ahead within the crypto environment.

Additionally, looking at the greater potential of the Binance chain and ETH 2.0, it signifies an upcoming brighter day for both assets. CZ remarkably expressed how DeFi has also gained significant attention alongside.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.