Binance’s CZ Breaks Silence on His Trading Habits

Changpeng Zhao, former chief executive officer at cryptocurrency exchange Binance, has revealed that he does not trade much despite being at the helm of the trading juggernaut for years.

“I don’t trade much at all. I spend crypto, and where I need to spend fiat, I convert what I need to spend. The rest is in crypto,” he said in a recent post on the X social media platform.

Earlier, CZ revealed that he personally holds such cryptocurrencies as Binance Coin (BNB), which constitutes the vast majority of his holdings, as well as Bitcoin and some stablecoins.

CZ is believed to control roughly 64% of the total supply of the BNB token, which is currently the fifth-largest cryptocurrency by market capitalization, according to CoinGecko data.

The former Binance holder previously recommended that his followers diversify their investments despite being all-in on BNB.

According to Forbes’s estimate, CZ’s current net worth stands at $65.1 billion.