CZ: Daily active users, not revenue or volume, is the primary North Star metric
Changpeng Zhao (CZ) · Binance CEO: 4 Months in Prison, $4 Billion Fine, and What Comes Next · Feb 10, 2026 · at 58:10
Former Binance CEO Changpeng Zhao (CZ) explains his product philosophy and leading growth indicators to host Chamath Palihapitiya on The All-In Podcast.
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“I think it's really daily active users. It's not trading volume. It's not revenue.”
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More from Changpeng Zhao (CZ)
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“Probably less than that, but it's in the neighborhood.”
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“Overall though, I would just say the Biden administration overall is quite hostile to crypto. I mean, they openly announced war on crypto.”
CZ: Binance wants rival exchanges to succeed to split regulatory scrutiny
“I actually want multiple exchanges to be successful in the industry because then we won't be the ones that get targeted all the time.”
CZ: Binance fully exited FTX in July 2021, 18 months before collapse
“The deal was finalized and the transfer was done in July, 20, 21. And this is like a full year and a half before they had issues.”