Binance CEO Changpeng Zhao: External Pressure Contributes to Building Strong Teams

Changpeng Zhao, CEO of Binance, believes external pressure is crucial for building „tight teams“ in startups.

– Zhao revealed his secret for building a strong team is external pressure, which creates unity and drives the team towards their objective.
– He mentioned that it’s not about fancy team building activities or inspirational speeches, but rather the experience of fighting together in tough situations.
– Binance is currently facing regulatory pressure worldwide, including lawsuits from the CFTC and SEC in the US.
– Despite the challenges, Zhao believes that the external pressure has made the Binance team more resilient and strengthened their bond.
– He dismissed rumors of a crisis at Binance caused by executive departures as FUD, stating that the reasons presented by news organizations were incorrect.

Changpeng Zhao’s perspective on the importance of external pressure in building a strong team offers insights into how Binance has thrived despite regulatory challenges. Whether it’s in the trenches battling regulatory agencies or facing tough times together, this approach has contributed to the unity and resilience of the Binance team.

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