The company has built an empire on low fees and a laissez-faire, all-traders-welcome culture. It’s crucial that the cryptoverse believes CZ’s assurances, because Binance is its cornerstone. Commodity Futures Trading Commission (CFTC). Though he has recently reduced his public appearances, Zhao has cumulatively, logged countless appearances on cable business networks, released myriad statements touting the health of his business, and appeared at live events worldwide, professing that users’ crypto is secure in their Binance accounts. His role as the public face of crypto trading has only been emphasized this week, as he has stepped forward to defend Binance in the wake of a new lawsuit from the U.S. That’s in contrast to CZ himself, who in recent years has become crypto’s most visible spokesman. This influencer network is largely invisible to those who aren’t Binance power-users. But an army of Runefelts-who gain kickbacks with every newbie they sign up-have powered a surprising share of Binance’s explosive growth. Most casual observers think of Binance, the world’s biggest crypto exchange, as a trading-tech titan, a data-driven juggernaut run by the ubiquitous Changpeng Zhao, or CZ for short. Hey, if this onetime grocery clerk can win a king’s ransom betting on crypto, why can’t you? Over the years, Runefelt, who goes by the Twitter handle TheMoonCarl, has posted a steady stream of QR codes, imploring followers to sign up as his affiliate members and dip their toes into trading on his favorite exchange, Binance. But his true love-even after FTX, even after Bitcoin cratered by two-thirds-is crypto.

Binance referral code 2021