Exclusive Interview with Czhang
The crypto market in Q3 2025 is defined by volatility, innovation, and transformation. With mainstream tokens surging, regulatory clarity increasing, and security challenges mounting, the landscape has never been more dynamic.
Amid this evolution, LBank has emerged as a standout, leveraging its edge in spotting 100x gems to cement its position as a leading centralized exchange. Notably, LBank is redefining the role of exchanges in driving crypto adoption. To unpack the strategy behind this momentum and explore LBank’s vision for the future of crypto, CoinGape sat down with Czhang, Head of LBank Labs and Partner at LBank, for an exclusive interview.

Czhang: As Head of LBank Labs and Partner at LBank, steering our investment strategy, incubation pipeline, and innovation agenda. LBank’s no longer just a trading hub for spotting and scaling early-stage crypto projects.
With 15M+ users and a $4.98B daily trading volume (up 24.5% in Q2 2025), LBank has become the epicenter for 100x gems, driven by a lightning-fast listing engine and a retail-first discovery model. LBank is not here to play catch-up—we’re igniting the next wave of crypto adoption.

LBank thrives on speed and the discovery of 100x gems in a market that punishes the slow. Firstly, we’ve launched LBank EDGE to spotlight high-risk, high-reward assets such as USELESS (+7,485%) and LAUNCHCOIN (+15,194%), often listing them ahead of the curve. In parallel, we’ve also integrated xStock, a groundbreaking platform enabling coin-equity trading for assets such as $MSTRX and $CRCLX, tapping into the U.S. equities momentum.
Beyond these, LBank has reengineered user incentives with a 90-day points-based loyalty system, aligning rewards with engagement in a way that’s responsive to the evolving CEX landscape. Security is non-negotiable, our partnership with CertiK enhances our defenses against external threats. Together, these elements, velocity, innovation, and trust make LBank competitive in a rapidly evolving CEX landscape.

We’re disciplined in our approach, focusing on three key vectors:
- Sustainable economics—Projects must demonstrate a clear path to long-term value creation, not just speculative spikes.
- Disruptive innovation—We back teams building infrastructure or user experiences that redefine categories, whether in DeFi, RWAs, and emerging sectors beyond.
- Execution pedigree—A founding team’s expertise and ability to deliver under pressure are non-negotiable.
We also scrutinize tokenomics, community traction, and regulatory adaptability. Our goal isn’t to chase fleeting trends but to empower builders who can architect the future of blockchain.

These bills mark a seismic shift from regulatory ambiguity to a framework that fosters innovation. They’re not just policy, they’re a signal to global markets that crypto is moving from the fringes to the core of finance. This clarity unlocks institutional capital and accelerates adoption, particularly in the stablecoin sector, where we’re seeing robust growth in volume and compliance-driven innovation. Regulation is no longer a barrier; it’s a catalyst, paving the way for crypto to redefine global financial infrastructure.

While BTC reigns as digital gold and a store of value, ETH stands as the backbone of financial infrastructure and a global settlement layer.
Ethereum’s resurgence is driven by a potent mix of institutional adoption and structural upgrades. The Ethereum Foundation’s governance overhaul has restored market confidence, while spot ETF inflows and growing corporate treasury allocations have solidified ETH’s institutional legitimacy.
Meanwhile, staking dynamics further bolster its strength by tightening circulating supply, with ETH holding firmly above its MA7 daily trendline. Looking forward, Ethereum is poised to anchor Web3 as the foundational layer for DeFi, tokenized assets, and scalable infrastructure.It is a resilient cornerstone for the next decade of crypto innovation.

This isn’t just a trend, that is a structural realignment of global finance. The GENIUS Act provided the regulatory clarity needed to unlock institutional participation. Stablecoins, whose market cap now exceeds $265 billion, offer unparalleled efficiency for cross-border payments and on-chain liquidity.
The race is on to dominate tokenized real-world assets (RWAs) and the infrastructure of digital money. First movers—whether legacy giants or agile crypto natives—will shape the future of liquidity and value transfer in a tokenized world.

MicroStrategy’s playbook is a masterclass in leveraging capital markets to amplify exposure to BTC’s upside, creating a self-reinforcing “buy-BTC-boost-stock” cycle. But it’s not a one-size-fits-all model. It hinges on favorable market conditions, access to cheap capital, and a risk appetite for volatility.
For most firms, the liquidity risks, regulatory scrutiny, and market exposure make it a high-stakes bet. It’s a compelling strategy for outliers with the right balance sheet and conviction, but it isn’t a one-size-fits-all strategy for corporate treasuries.