“Binance.US has a CEO, Binance.com has two co-CEOs,” he said. “They hardly ever talk to each other. In fact, 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 license agreement.”
CZ doesn’t see himself running the US business, he said, adding that he didn’t think he was the best candidate to run a US 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 also independent, he said.
That independence extends to CZ’s personal life, he said. Yi He, one of Binance’s co-CEOs, is CZ’s partner, and the two share a home in the United Arab Emirates. Despite this, CZ said they don’t talk about Binance at home and the two keep their respective work lives separate.
“To be perfectly honest, even when I was the CEO of the company, she had a lot of strategic input into the company,” he said. “She probably gave me more instructions even when I was CEO. So now, [after] steps down, she drives it. Our conversations at max would be like ‘oh two days ago the bitcoin price dropped because of this policy’ but we don’t even talk about it anymore.”
