Binance Founder Changpeng “CZ” Zhao Discloses His Future Plans

Ronny Mugendi
September 30, 2024
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Binance Founder Changpeng “CZ” Zhao Discloses His Future Plans

Highlights

  • Changpeng "CZ" Zhao plans to continue investing in blockchain, AI, and biotech post-custody.
  • Binance founder CZ plans major philanthropic focus on education and charity.
  • Binance sees 40% growth in institutional investors in 2024.

Binance founder Changpeng “CZ” Zhao has articulated his vision for the future after his release from custody recently. He emphasizes a continued commitment to blockchain technology, artificial intelligence (AI), and biotechnology, highlighting his long-term dedication to these fields.

Despite facing legal challenges in the United States, Zhao remains optimistic with a focus on impact and not returns.

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Binance Founder Changpeng Zhao Charts New Path in Tech and Charity Post-Custody

In a reflective statement made on the social media platform X, Changpeng “CZ” Zhao shared his experiences and aspirations following his recent stint in custody. Former Binance CEO was released on September 27 from a correctional facility in California, Zhao outlined a series of initiatives he plans to focus on in the coming years. 

Central to his message was the commitment to driving technological innovation and social impact, particularly through new ventures in education and charity. The Binance founder expressed his long term commitment to blockchain stating,

“Will continue to invest in blockchain/decentralized technologies, AI, and biotech. I am a long term investor who care about impact, not returns.”

In addition, Zhao noted the success of his recently launched project, Giggle Academy, an online educational platform providing accessible learning opportunities. He expressed his enthusiasm about dedicating more time and resources to this non-profit initiative, which will be part of his life moving forward.

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Continuing Investment in Innovation

Despite the setbacks associated with legal issues in the US, including a hefty fine and compliance monitoring, Changpeng “CZ” Zhao remains undeterred in his support for technologies. He reiterated his investment strategy, which focuses on impact over returns.

Binance, under Zhao’s leadership prior to stepping down, played a pivotal role in shaping the digital asset exchange landscape. With Richard Teng now at the helm, Zhao expressed confidence in Binance’s ability to continue thriving without his direct involvement. 

He noted,

“Binance seems to be doing well without me back-seat-driving, which is excellent. Every founder’s dream!”

Additionally, recently at the Token2049 conference in Singapore, Binance CEO Richard Teng disclosed that the platform has experienced a 40% growth in institutional and corporate investors this year. Teng emphasized that this is just the beginning of institutional involvement in the crypto market, suggesting that the current investment levels represent merely the “tip of the iceberg.”

Zhao also touched on plans to increase his philanthropic activities, with an emphasis on educational initiatives and charity. He mentioned having “rough ideas” about how he wants to structure these efforts.

More so, Zhao revealed that he is in the process of writing a book, which is about two-thirds complete. He shared insights into the challenges of book writing and his determination to see the project through. 

Moreover, following the release of Changpeng Zhao, there is growing speculation about whether his future investment plans might drive BNB price towards $700.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.