TechFlow reports on March 24 that according to crypto developer 0xAA, CZ appeared to have opened a long position in the $MUBARAK token on APX (an on-chain contract exchange) while testing on-chain transactions over the weekend. The position has since been closed.
In response, CZ said: "Today was my first test of on-chain perpetual contracts. Just experimenting to get a feel for it, and also wanted to see if MEV issues still exist."
"You might find it hard to believe, but I've never traded futures contracts on Binance (CEX). I've seen many product demos though."
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