“Binance.US has one CEO, Binance.com has two co-CEOs,” he said. “They hardly ever talk to each other. Actually, I don’t think they ever talk to each other. So, yes, two independent teams. Binance.US licenses the product and technology from Binance Global, but they have a licensing agreement.”
CZ doesn’t see himself running the U.S. business, he said, adding that he didn’t think he was the best candidate to run a U.S. platform. “It has to be someone local; it has to be someone who is on the ground,” he said.
The other companies CZ is heavily invested in (Giggle Academy and YZi Labs) are similarly independent, he said.
This independence also extends to CZ’s personal life, he said. Yi He, one of Binance’s co-CEOs, is a partner with CZ and the two share a house in the United Arab Emirates. Despite this, CZ said that they do not talk about Binance at home and that the two keep their respective work lives separate.
“To be very frank, even when I was CEO of the company, she had a lot of strategic input into the company,” he said. “He was probably giving me more instructions even when I was CEO. So now, [after] As he goes down, she directs him. Our conversations at most would be like ‘oh, two days ago the price of bitcoin fell because of this policy,’ but we don’t even talk about that anymore.”
