CZ's Latest Statements: Pushing for the US as the Crypto Capital
Changpeng Zhao (CZ), founder of Binance, made multiple signals in a fresh interview with CoinDesk. He explicitly stated his hope to help make the United States the global crypto capital, and to that end, plans to have Binance.US tap into Binance Global's liquidity pool to enhance the depth and competitiveness of the US market. Despite stepping down as Binance CEO due to regulatory issues, CZ remains the majority shareholder of both Binance and Binance.US.
When asked whether he would personally resume running an exchange, CZ gave a clear answer: no. He admitted he has no intention of taking over the daily operations of any exchange again, preferring to provide strategic advice as an informal advisor. This marks his full transition to a behind-the-scenes role after reaching a settlement with the US Department of Justice.
Strategic Implications of Binance.US Liquidity Integration
Binance.US has operated independently since its inception, with liquidity depth far below that of the main exchange. Tapping into Binance Global's liquidity would significantly narrow its bid-ask spreads and reduce slippage, potentially attracting more institutional users. However, the plan still faces hurdles from the ongoing SEC lawsuit against Binance. Currently, Binance.US only supports a limited number of tokens and previously suspended USD deposit channels due to compliance issues. Whether the liquidity integration can proceed smoothly will depend on regulatory progress.
From a market structure perspective, if Binance.US gains access to main exchange liquidity, it will build a clear advantage over rivals like Coinbase and Kraken. Meanwhile, CZ's statement as the largest shareholder eliminates market speculation about his potential return to management, reducing policy uncertainty.
Three Pressures on the 2026 Crypto Market
In the interview, CZ also offered his outlook on the 2026 crypto market. He pointed out three headwinds: first, the AI sector is siphoning away venture capital and retail funds, putting pressure on crypto capital flows; second, geopolitical events (such as local conflicts and sanctions) are impacting cross-chain flows and trading sentiment; third, the four-year Bitcoin halving cycle is still playing out, with 2026 falling in the adjustment phase of the post-halving period.
These observations echo recent market performance — Bitcoin failed to break its all-time high after the 2025 halving, instead oscillating between $70,000 and $90,000, while altcoins generally pulled back. CZ's analysis provides investors with a macro perspective: a lack of liquidity and catalysts in the short term, and the need for regulatory clarity and a new wave of tech applications in the medium to long term.