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When Binance IPO? CZ explains how his firm's 'path' forward is different from that of rival Coinbase

Quick Take

  • The world’s largest crypto exchange Binance doesn’t have IPO plans like rival Coinbase, CEO Changpeng “CZ” Zhao told The Block.
  • Binance wants to take a more crypto-native “path” forward, said Zhao, i.e., expanding the utility of its “utility token” BNB. 
  • Zhao said he’s spending most of his time growing the BNB ecosystem. 
Binance CEO Changpeng "CZ" Zhao recently explained why Binance will likely not follow in the footsteps of its rival Coinbase.

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