[kopija]

Zhao, known as CZ, started Binance in Shanghai in 2017. Three months later, he unveiled a new strategy, on an internal chat group, for the company’s next phase of development. “Do everything to increase our market share, and nothing else,” Zhao wrote.

The priority, he said, was to ensure Binance overtook larger cryptocurrency exchanges and fended off competition from smaller rivals. “Profit, revenue, comfort, etc, all come second.”