CZ Clarifies Role With Aster After Ex-Binance Employees Join DEX Project

Binance founder Changpeng “CZ” Zhao addressed speculation about his involvement with Aster, a perpetual decentralized exchange (DEX), after reposting details on X.

CZ confirmed that several former Binance employees are now part of the Aster team and that YZi Labs holds a minority stake in the project.

Community chatter intensified after claims surfaced that CZ had described himself as part of Aster’s core group during a Spaces discussion. He moved quickly to set the record straight: “Not on the team, just an advisor.”

CZ acknowledged that Aster’s business overlaps with Binance’s offerings but argued the ecosystem benefits remain aligned. “Although Aster competes with Binance, it ultimately benefits BNB,” he wrote, pointing to the token’s expanding role in decentralized finance.

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The clarification highlights CZ’s evolving role in the crypto industry as he continues to influence projects beyond Binance while steering clear of direct operational control.