CZ: I'm Binance's largest shareholder but not involved in management

Binance founder Changpeng Zhao (CZ) said in an interview with CoinDesk that while he remains the exchange's largest shareholder, he is not involved in its management. He added that the same applies to Binance.US, where he serves as a board member. Zhao explained that although he is the largest shareholder in both Binance and Binance.US, the two companies operate at a distance from each other, with separate management teams and investor groups. "We want to do more in the U.S., and personally, I want to help the U.S. become a center for cryptocurrency," he said, noting that consumers in the world's largest capital market are unable to trade crypto at optimal prices due to liquidity issues. Regarding his partner and Binance co-CEO He Yi, Zhao said that while they live together in the United Arab Emirates, they do not discuss Binance. He noted that even when he was CEO, He Yi had significant influence on company strategy and now runs the company. Zhao described their conversations about work as minimal, limited to brief remarks such as observing that a policy from two days earlier had caused the price of Bitcoin to fall.