Crypto investors have a saying:

"Bear markets are for buying and accumulating."

It's a saying that typically refers to accumulating crypto - but Binance CEO, Changpeng “CZ” Zhao, is putting a whole new spin on the ethos.

According to CZ, Binance is looking to buy a bank.

Here's his thinking:

Lots of people are starting to consider crypto investments, and as a result, more and more banks are offering crypto services to meet the demand.

If users don't have to sign up to a third-party platform, and can instead use their existing banking app to buy crypto - that's a much better experience for consumers.

...and while Binance is currently working with banks to provide these services, CZ figures:

If banks are going to start playing 'middle man' to crypto, we might as well own some of them.

The takeaway? This is a signal that cryptocurrency's march to mass adoption isn't slowing down (bear market or not).

Nice!