2022---changpeng-zhao--the-crypto-billionaire-seeks-a-foothold Apr 2026

: Binance successfully registered as a digital asset service provider in France and Italy, marking a critical step toward legitimacy in highly regulated Western markets. 3. Survival Over Aggressive Growth

: He began prioritizing "long-term survival and sustainability" over unchecked growth, acknowledging that stricter global regulation was a permanent structural trend. : Binance successfully registered as a digital asset

: In response to industry-wide distrust, CZ championed "Proof of Reserves" to prove that exchanges actually held the customer assets they claimed. 4. Legacy and the "Freedom of Money" : In response to industry-wide distrust, CZ championed

A major part of seeking a "foothold" involved moving Binance from a "homeless" startup to a regulated entity with physical headquarters. Despite market volatility

Despite market volatility, CZ remained aggressive, signaling that "bear markets are for building".

By late 2022, following the high-profile collapse of FTX, Zhao’s strategy underwent a fundamental shift.

The 2022 Pivot: How Changpeng "CZ" Zhao Sought a Global Foothold