CZ Clarifies: Genius is not Aster's competitor, but Perp DEX trading terminal

By: theblockbeats.news|2026/01/14 00:30:13
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BlockBeats News, January 14th, Binance founder CZ commented on the discussion regarding the "CZ's new advisory project Genius Trading's relationship with Aster" on social media, stating, "Genius is a trading terminal that connects to a perpetual contract decentralized exchange (Perp DEX) and is not a competitor to Aster."

BlockBeats reported yesterday that YZi Labs has made a "multi-8-figure" level investment in Genius Trading, with CZ joining the project as an advisor. Genius co-founder and CEO Armaan Kalsi revealed that YZi Labs' investment took place last month and was significantly higher than $10 million. He refused to disclose the specific scale and investment structure (equity, tokens, or a hybrid form), and did not respond to whether Genius plans to issue its own token.

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