CZ's Exit Is Set, But Binance's Future Remains Unclear!

September 29, 2024, will mark a key date in crypto history: the release of Changpeng Zhao (CZ), founder of Binance. As his release from prison approaches, many questions remain about the future of Binance, one of the world’s largest cryptocurrency exchange platforms. Amid legal uncertainties and speculations about his potential return, the future of the platform and its crypto ecosystem remains unclear.

CZ: a central figure, an uncertain future

To understand the significance of this release, one must recall the influence of CZ on the crypto world. By founding Binance in 2017, he managed to create a platform that, in just a few years, became an essential player in the crypto universe.

Binance, this exchange giant, has not only attracted millions of users but also played a crucial role in the mass adoption of cryptocurrencies such as Bitcoin and Ethereum.

But since CZ’s incarceration, the Binance ecosystem has had to adapt. The platform continues to operate without him, proving its resilience, but his symbolic and strategic presence is missed by many.

His release could mark a turning point, but questions remain: Will CZ return to the helm? Nothing is certain. The market, regulators, and even his own collaborators are closely following this case.

Especially since the circumstances surrounding his incarceration remain largely opaque. Some speculate that regulatory pressure around Binance might prevent CZ from resuming his leadership position.

But a return could also give the platform a second wind, even if the legal issues are not yet fully resolved.

Binance without CZ: a platform at a crossroads

Since CZ’s absence, Binance has continued to navigate troubled waters, notably due to pressure from US regulators like the CFTC and the SEC. These agencies accuse the platform of violating trading rules and misleading its users.

Yet, despite these challenges, Binance has not collapsed. This shows that the structure established by CZ is robust, but to what extent?

Binance has always been much more than just an exchange platform. It is an entire ecosystem that includes the Binance Smart Chain (BSC), with projects such as Binance Coin (BNB) and PancakeSwap (CAKE).

Some observers believe that CZ’s release could boost the value of these assets, but the impact of ongoing investigations and lawsuits should not be underestimated.

CZ’s return, even if symbolic, could trigger market dynamics. However, there is also the possibility that Binance may decide to distance itself, favoring new leadership to alleviate regulators’ concerns.

CZ, once an iconic figure, might therefore choose a more discreet role, leaving room for renewed leadership. Meanwhile, Pectra divides to prevent Ethereum’s failure.