Binance Founder CZ: Does Not Oppose Hyperliquid, Says Crypto Penetration is Still Early

Binance founder CZ stated on the When Shift Happens program that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated.

He estimates that the proportion of people holding some form of crypto asset is about 5% to 15%, and if calculated by individual wealth allocation, the penetration rate may be less than 1%, indicating that it is still in the early stages. Some members of the Hyperliquid community have criticized centralized exchanges and Binance to strengthen their own community, which he views as normal competition. Previously, Trump mentioned promoting the compliance of this perpetual platform to enter the U.S., which he believes is beneficial for the industry, with HYPE, BNB, and Bitcoin potentially sharing in overall growth.

He pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants often optimize on the pioneers. Despite holding a large amount of Binance equity and BNB, the centralized exchange is only part of his allocation; rather than expanding a single platform, he prefers to promote the growth of the entire crypto industry.