X @Wu Blockchain

CZ on Founding Binance: From SaaS to Building His Own ExchangeOn February 10, Binance founder Changpeng Zhao said in an interview on the All-In Podcast that his team initially operated a SaaS software licensing business, charging fixed monthly fees to exchange clients. However, in March 2017, after Chinese regulators tightened policies and shut down most of their clients, the foundation of the business quickly disappeared.The team began exploring new directions and ultimately decided to stop focusing on ext ...