Binance founder Changpeng Zhao (CZ) talked in detail with Colin Wu. Here are the main points:
- CZ has good memories of growing up in China, where his parents were teachers. They moved to Canada when he was 12. He dropped out of university to work in Japan but later finished his degree online.
- He credits Binance's success to his tech and trading experience, a strong team, community support, customer focus, and the rise of ICOs. The exchange quickly gained market share by making it easy to trade ERC-20 tokens and by offering fast user support.
- He mentioned that major challenges include keeping assets secure and scaling the platform. He sees the difficulty of listing small tokens on centralized exchanges but believes there is potential in creating innovation zones and working with Web3.
- The rise of meme tokens on Solana happened after the FTX collapse. Solana had strong links to FTX, and many people who lost money and didn’t get help turned to Pump & Dump schemes.
- Regarding regulations, he expects major exchanges to comply more and thinks that with Trump in the U.S., the crypto industry will see clearer regulations.
- He believes criticism of Ethereum and Vitalik Buterin is linked to PR problems, but the network is still the second largest by market value after Bitcoin. He viewed Justin Sun's advice to Buterin with skepticism, noting Vitalik's sharp thinking due to his tech background and youth.
- Looking ahead, he thinks Bitcoin hasn't reached its peak yet, positive regulatory changes are coming, and crypto investors are now a significant force that authorities need to consider.
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