TechCheck+ Binance CEO Changpeng Zhao 4/7/22

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 7 April 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

TechCheck’s Deirdre Bosa spoke with Binance CEO Changpeng Zhao, as the company’s U.S. affiliate raises its first round of funding at a $4.5 billion valuation. They discussed crypto prices and the current regulatory environment. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Hey, good morning everyone. Welcome to another Tech Check Plus.
0:04.0	CZ, welcome. I'm thrilled that you were joining us today, Binance, the CEO. How are you?
0:09.0	Good, good. Thanks for having me, dear Dre.
0:12.0	I'm guessing it's not as early where you are. A little bit later in the day?
0:16.0	Yes, 4.30 p.m. in Dubai.
0:18.0	Okay, there we go. So very early here, hopefully you're winding down your day.
0:23.6	So I'm so glad to have you on this format, as I was telling you, it's a live stream.
0:27.6	So whoever's watching to on Twitter, on YouTube, I think we've got to get these, this chat enabled.
0:33.6	But write in with your questions, comments, we'll get them to CZ let's
0:38.2	start with the big news you guys your US arm just raised its first funding
0:43.3	round at a valuation of four and a half billion dollars CZ I want to ask you
0:48.6	about this valuation your 24 hour trading volume is about a third bigger than
0:53.8	that of FT, yet you were valued
0:55.9	at far less than that crypto exchange.
0:59.9	Why is that?
1:01.0	Is that a Binance issue?
1:03.7	What was the valuation?
1:04.8	What went into that?
1:06.2	So I think this is the first run of fund rating for Binance US. And so I think the valuation, we always want to leave some value on the table for the investors
1:15.6	so that we want there to be room for growth.
1:18.6	And we don't want to realize all the full value.
1:21.6	And also, Binance US, I think compared to FTX,
	...

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