Changpeng Zhao on institutional investment
From Binance CEO explains how the crypto-exchange is charting a path to become a financial institution · · SCMP Clips
“Absolutely. The financial institutions are coming big time. There's the what we call institutional investors that's definitely increasing. Our platform with the data is very obvious. We also see the traditional financial services firms, some of the bigger names moving into the space like you know the Fidelities, etc. So those are huge huge funds and we're also seeing traditional VC investors moving into this space heavily, including sovereign wealth funds, including you know large VCs that have like you know hundreds of billions of dollars on their balance sheets.”
On , Changpeng Zhao, CEO at Binance, spoke about institutional investment during Binance CEO explains how the crypto-exchange is charting a path to become a financial institution on SCMP Clips.
About Changpeng Zhao
Changpeng Zhao, founder of Binance, has been active in media appearances discussing his investment in Twitter (now X), his memoir "Freedom of Money," and his views on regulation and jurisdiction. In interviews, Zhao described himself as one of the top three or four investors in Twitter, stating that he backed Elon Musk's acquisition because "free speech is why I backed Elon" and that supporting the platform was "a meaningful cause for a crypto business to support." He characterized figures such as Ray Dalio, Eric Schmidt, and Masa Son as mentors rather than peers. Zhao also discussed his decision to base his life in the UAE, calling it "by far the safest country in the world" and praising its "visionary" leadership and calibrated regulation. He said that during the Biden administration the US was "one of the worst places to live in" for crypto businesses, but that in the last year and a half America has become "one of the best countries to live in" due to a policy reversal. Zhao addressed his legal case and subsequent pardon by Donald Trump, noting that without the pardon he would remain "labeled as a felon" and that his ability to hold financial