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CZ: Missing early ETH was a "missed opportunity" but led to Binance

March 05, 2025, 9:51 AM
Former Binance Exchange CEO Changpeng Zhao (CZ) reflected on missing Ethereum’s (ETH) early rise, calling it a “missed opportunity” but suggesting it may have motivated him to launch Binance and BNB. CZ recalled meeting Vitalik Buterin in 2013 and questioning Ethereum’s vision of a Turing-complete blockchain. Despite knowing about Ethereum’s ICO in 2014, he did not invest significantly. He added that while BNB initially launched as an ERC-20 token, he only holds small amounts of ETH from early days.

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