Binance’s CZ discusses industry growth and lists HYPE token for spot trading

Changpeng Zhao is not exactly known for losing sleep over competitors. But in a recent podcast appearance, Binance’s founder made a point of welcoming them anyway, specifically calling out decentralized exchanges like Hyperliquid as a net positive for the broader crypto industry. The timing was notable: Binance had listed Hyperliquid’s HYPE token for spot trading just two days earlier. The listing went live on September 24, 2026, adding HYPE/USDT, HYPE/USDC, and HYPE/TRY trading pairs to Binance’s platform. Deposits opened one hour before trading commenced, with withdrawals permitted starting the following day. The exchange charged zero BNB in listing fees. CZ makes the case for a bigger pie Speaking on September 26, 2026, CZ framed increased DEX participation not as a threat to centralized exchanges but as evidence that the industry is maturing. He cited global crypto ownership rates sitting somewhere between 5% and 15% of the population. The more telling figure, though, is that digital assets represent less than 1% of the average person’s net worth allocation. CZ also noted that early leaders in any industry do not automatically become the long-term winners. He used Google and Bi...