Binance CEO Changpeng Zhao (CZ) recently unfollowed Tesla and SpaceX chief Elon Musk after what seemed like a long and friendly history between the two parties.
Though neither executive has left any explicit clues, crypto Twitter has some theories about what may be driving tension between the tech billionaires.
Did Twitter Shun Binance?
Twitter account @BigCryptoAlert called attention to the turn of events on Saturday, noting that CZ – whose account follows over 1600 users – no longer counts Musk’s profile among them.
One Twitter user named Lucra speculated that CZ may be distancing himself from Elon ever since Twitter invited eToroUS – a social investments company for crypto, and other financial instruments – to be the social network’s partner crypto exchange, rather than Binance.
Because Elon invited @eToroUS to be Twitter’s crypto exchange instead of Binance, even though it was CZ who helped fund his acquisition of Twitter.
— Lucra (@lucrafund) May 14, 2023
The partnership enabled users to easily access stocks and crypto from Twitter in April, letting them view market charts for such assets and buy/ sell them through eToro. Though the platform doesn’t support nearly as many crypto assets or crypto volume as Binance, it’s been subject to far less
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Author: Andrew Throuvalas