The crypto community has been buzzing with speculation about a possible return of Changpeng “CZ” Zhao to the helm of Binance, the world’s largest cryptocurrency exchange. These rumors intensified after U.S. President Donald Trump granted him a presidential pardon. However, reality suggests otherwise — CZ appears to be stepping away from Binance’s operations for now, shifting his focus to his investment firm YZi Labs and advising global governments on cryptocurrency policy.
CZ Returns, but on His Own Terms: YZi Labs Takes the Lead
In a recent X (Twitter) post, CZ responded to a report by China’s Caixin, which claimed he plans to concentrate on expanding his family investment office, YZi Labs, rather than immediately returning to Binance. His reply — “Sounds pretty reasonable” — all but confirmed that a comeback isn’t on the table.
CZ also emphasized that his current focus is on transparency and long-term projects, adding that he hasn’t given any formal interviews since September. Since receiving his presidential pardon, he has remained silent toward both media and the public.
CZ as a Global Crypto Advisor: Kazakhstan, Pakistan, Kyrgyzstan
Since stepping back from Binance, Changpeng Zhao has increasingly positioned himself as a global crypto industry advisor. Several governments have invited him to cooperate officially — including Kazakhstan, Pakistan, and Kyrgyzstan.
In Kyrgyzstan, CZ even met with President Sadyr Japarov during the launch of the country’s national stablecoin and CBDC built on the BNB Chain.
This underscores his new role as a strategic advisor helping nations develop digital economies and regulatory frameworks around crypto assets.
Polymarket: Odds of CZ’s Return Drop Sharply
Following Trump’s pardon on October 23, betting activity on Polymarket — a decentralized prediction platform — surged, with odds of CZ returning to Binance by year-end reaching 82%.
However, that optimism has since faded.
Current odds have fallen to 32%, while the “will not return” option leads with 68%.
This clearly shows that most investors no longer expect CZ to rejoin Binance’s leadership anytime soon.
BNB Rises as Traders Stay Bullish
Despite uncertainty surrounding CZ, BNB has seen notable gains. Over the past 24 hours, the token has risen more than 3%, trading around $1,156, with a daily range between $1,120 and $1,161.
Trading volume has jumped by 62%, signaling renewed investor interest.
According to CoinGlass, open interest in BNB futures increased by 8% to $1.84 billion, with positions on Binance, OKX, and Bybit up 7%, 3%, and 2.6%, respectively.
This data suggests that despite CZ’s absence, the market remains confident in Binance’s long-term strength.
CZ often says, “Binance is bigger than any one person.” His current path might be the clearest demonstration of that philosophy in action.
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