Binance CEO Changpeng Zhao, also known as CZ, has implemented a new policy that prohibits all Binance employees, including himself, from engaging in futures trading.
This move is aimed at prioritizing integrity and a long-term focus within the company. CZ announced the policy on Twitter, stating that Binance employees "only hold" and are not involved in speculative trading practices.
In addition, Binance has established a new trading norm that requires employees to hold their positions for a minimum of 90 days before trading, which is expected to reduce short-term speculation and promote a stable, long-term mindset towards crypto investments.
To ensure compliance, Binance has established an internal security team to monitor employee trading activities across various platforms, with any violations resulting in immediate job loss.
These measures are part of Binance's efforts to create a transparent and accountable crypto trading culture, and to bolster its image as a trustworthy cryptocurrency exchange amidst increased regulatory scrutiny.
