President Donald Trump pardoned Binance co-founder Changpeng Zhao, White House press secretary Karoline Leavitt confirmed to ABC News on Thursday. Zhao pleaded guilty in 2023 to a money laundering charge.

Hours after receiving a pardon from President Donald Trump, Binance Holdings Ltd.’s billionaire co-founder Changpeng Zhao issued a thank-you message mid-flight — and signaled his renewed ambitions for the world’s largest crypto exchange.

While geographic expansion shapes its comeback, stablecoin dominance remains Binance’s biggest strength. Data from CryptoQuant showed that by October 2025, Binance held $44.2 billion in ERC20 stablecoin reserves, accounting for 67% of all exchange holdings.

The founder of the world’s largest crypto exchange Binance has predicted the bitcoin price will eventually soar beyond

BNB snatches Bitcoin’s “Uptober” narrative through booming memecoin profits, even as Binance battles criticism over system failures during the recent market crash.