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TechFlow On the evening of November 14, during a Binance AMA Space session, Binance founder Changpeng Zhao (CZ) stated that Binance's business is simple and transparent. He emphasized that Binance has no liabilities, does not entrust any assets to third parties, and its team does not engage in quantitative trading. The company generates profits through fees rather than trading, and has made equity investments in only one market-making firm.
During a Binance AMA Space, Binance founder Zhao Changpeng (CZ) stated: Binance's business is simple and transparent. We have no debt, no assets entrusted to third parties, and our own team does not engage in quantitative trading. We generate profits from fees, not from trading, and we've only invested in the equity of one market-making firm.
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