ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
Changpeng Zhao of Binance denies rumors of involvement in gold and silver sell-offs, emphasizing crypto's volatile nature.Changpeng Zhao of Binance denies rumors of involvement in gold and silver sell-offs, emphasizing crypto's volatile nature.

Changpeng Zhao Denies Gold, Silver Trades Amid Rumors

Author: coinlineupSource: coinlineup
2026/02/01 04:59
2 min read
Changpeng Zhao Denies Gold and Silver Sell-Off Rumors
Key Points:
  • CZ clarifies lack of personal investment in gold or silver.
  • Compares crypto volatility to historical asset fluctuations.
  • No direct financial impacts on Binance operations.

Changpeng Zhao (CZ), Binance founder, denied rumors of selling gold or silver, emphasizing the volatility of these assets compared to cryptocurrencies. His statement highlights the early-stage nature and volatility of Bitcoin, which is only 17 years old.

Changpeng Zhao, founder of Binance, refuted rumors on April 15, 2025, concerning his involvement in gold and silver sell-offs via a post on X.

The statement underscores cryptocurrency’s evolving nature compared to age-old markets like gold and silver. It highlights the need for awareness of crypto’s innate volatility reflecting historical market behavior.

Rumors Denied by Changpeng Zhao

Changpeng Zhao addressed circulating rumors denying any trade activity in gold or silver, leveraging this moment to emphasize cryptocurrency’s nascent state relative to traditional markets. Changpeng Zhao (CZ), Founder, Binance, shared, “such severe price fluctuations can happen even with a physical asset, like gold and silver, with thousands of years of history… Bitcoin, a technology that is only 17 years old, is still in its infancy… We are still early.” Binance’s recent launch of gold and silver-backed contracts aligns with traders seeking diverse exposure.

Binance’s Role and Market Impact

Zhao’s statement shed light on the absence of direct involvement in physical commodities’ market fluctuations, instead focusing on Binance’s role as an exchange facilitating varied trading options.

The rumor’s circulation momentarily impacted community sentiment, drawing comparisons between gold and crypto volatility. Binance’s service offerings continue unaffected by these discussions. Experts note rising institutional interest in digital currencies, despite ongoing fluctuations in traditional assets.

Binance’s introduction of derivatives linked to commodities like gold and silver signals a strategic expansion amid such discussions, enabling investors to navigate new financial landscapes while staying informed on potential technological advancements.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:
#Options

You May Also Like

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

The post Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion appeared on BitcoinEthereumNews.com. In brief Shares of BitMine Immersion
Share
BitcoinEthereumNews2026/02/06 04:47
MYX Finance price surges again as funding rate points to a crash

MYX Finance price surges again as funding rate points to a crash

MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. MYX Finance (MYX) came in the spotlight earlier this…
Share
Crypto.news2025/09/18 02:57
How The ByteDance App Survived Trump And A US Ban

How The ByteDance App Survived Trump And A US Ban

The post How The ByteDance App Survived Trump And A US Ban appeared on BitcoinEthereumNews.com. WASHINGTON, DC – MARCH 13: Participants hold signs in support of TikTok outside the U.S. Capitol Building on March 13, 2024 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images From President Trump’s first ban attempt to a near-blackout earlier this year, TikTok’s five-year roller coaster ride looks like it’s finally slowing down now that Trump has unveiled a deal framework to keep the ByteDance app alive in the U.S. A look back at the saga around TikTok starting in 2020, however, shows just how close the app came to being shut out of the US – how it narrowly averted a ban and forced sale that found rare bipartisan backing in Washington. Recapping TikTok’s dramatic five-year battle When I interviewed Brendan Carr back in 2022, for example, the future FCC chairman was already certain at that point that TikTok’s days were numbered. For a litany of perceived sins — everything from the too-cozy relationship of the app’s parent company with China’s ruling regime to the app’s repeated floating of user privacy — Carr was already convinced, at least during his conversation with me, that: “The tide is going out on TikTok.” It was, in fact, one of the few issues that Washington lawmakers seemed to agree on. Even then-President Biden was on board, having resurrected Trump’s aborted TikTok ban from his first term and signed it into law. “It feels different now than it did two years ago at the end of the Trump administration, when concerns were first raised,” Carr told me then, in August of 2022. “I think, like a lot of things in the Trump era, people sort of picked sides on the issue based on the fact that it was Trump.” One thing led to another, though, and it looked like Carr was probably…
Share
BitcoinEthereumNews2025/09/18 07:29