Binance co-founder Chnagpeng Zhao acknowledged a possible downside to the company’s employment ethics.
According to Zhao, Binance exchange prevents its employees from trading cryptocurrencies. He suggests this restriction could limit their understanding of user needs.
是的，币安（CEX）一直是限制员工炒币的。这个当然是为了保护用户。但副作用就像你说的，我们的产品经理就不太了解用户需求。这块我管不了了，让他们的管理层决定吧。
在Chain上，的确应该去体验产品。等下去冲几个土狗试试。😆
— CZ 🔶 BNB (@cz_binance) February 21, 2025
CZ Responds to User Comparing Binance to OKX Employee Engagement
Zhao made the above statement in an X post while responding to a user who compared Binance employees’ responses with those of OKX concerning technical issues on their exchanges.
According to the user, OKX employees are more responsive because of their active involvement with the platform’s products.
Related: Binance CEO Changpeng Zhao Says Futures Trading Off Limits For Employees
OKX Staff “Live and Breathe” Crypto, User Claims
For instance, OKX employees belong to several dog groups, MEME groups, NFT groups, and Alpha communities. That way, they become directly exposed to the products’ challenges and could easily understand users’ complaints.
At the same time, such employees can provide direct feedback on the products’ performances, enabling proper response whenever issues arise.
To sum up his point, the user noted that founders are the best managers of their products. He cited Elon Musk’s role at the X platform, with his active involvement despite being the platform’s owner and an initiator of most of the ideas and protocols that run on the social media platform.
CZ: Not Involved in Binance Management Decisions Now
It is worth noting that Zhao’s response represented his personal opinion about what is obtained at Binance, being that he is no longer involved in the crypto exchange’s management.
Related: Binance Faces Allegations of Deceptive Layoffs and Employee Benefit Cuts
Although Zhao remains the major shareholder at Binance, he clarified that the current company executives are responsible for running the internal processes. Hence, it is not in his position to determine whether Binance will allow its employees to participate in crypto trading activities in the future.
Meanwhile, crypto community members believe the current structure at Binance aims to avoid a conflict of interest, where any company employee could exploit the benefit of internal information to game the system, amounting to fraud and market manipulation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
