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Catherine Coley talks about how crypto will be everywhere in the next 5 years

Photo of: Dennis Ramos
by Dennis Ramos

Whenever we talk of Binance, we always think about Changpeng Zhao or CZ as we may call. While CZ may be the face of Binance, there is another person who is considered as the game-change or think tank of the Binance US arm and she is none other than Catherin Coley. 

Catherine Coley is at the helm of affairs at Binance US decision. It is an independent entity that accesses Binance’s technology but is tailor-made as per the preferences of the US audience. Yesterday Coley gave an interview by being featured on Bloomberg’s ‘Odd Lots’ podcast. The episode was aired on September 21’st. Coley was earlier associated with Ripple and Morgan Stanley and in the interview she talked about the current wave in DeFi space and also made predictions about how the use case of cryptocurrencies will be expanded and strengthened in the markets especially in those markets which are specifically reserved for capital markets. 

In the fruitful discussion she talked about the use case for cryptocurrencies. She also went on to compare them to the conventional financial markets where she comes from professionally. She talked at length about the details of capital market transactions that included in its umbrella mortgage lending and M&A. She also talked about repatriating of revenues of FX products overseases and she said:

“There are still so many limitations on when and who can get those. And that’s where  digital assets come in. So closing that M&A deal on a Friday night at 4:59 p.m. is no longer the deadline. You can close it on Saturday morning at 2 a.m. You can close it on Sunday at 5 p.m. Digital assets are going to be trading, operating, transacting and being able to be accessed 24/7.”

Coley said that she is willing to bet the next five years on the crypto space. She mentioned that there will be immense innovation and evolution in terms of crypto space encouraging real-world applications to grow. It will motivate people to participate in many ways such as start-up investment, mortgages, M&A deals and much more. It will be everywhere. On the increasing use-cases of crypto in the coming 5 years, she said:

“Absolutely. If you’re building a company in the next five years and you do not consider digital assets as a component, you are going into this in an ignorant way. So it is a trend that is picking up. It’s an adoption case that is pandemic resilient. And if you’re planning on any  biz model going forward, I would sure hope that you make it pandemic resilient as well.”

She explained that when she was firmly grounded in the FX markets as a wall street analyst, she was not able to take advantage of chances that were for authorized investors. And now wth SEC’s intervention and upgrade to the accredited investor definition, she believes that digital assets eliminate such barriers to entry and let them secure their financial future.