CZ Explains: Why Binance Square and X Platform Users Face Different Verification Paths

Divergent Platform Designs Shape User Verification Journeys

In a recent Chinese-language AMA, CZ highlighted fundamental differences in user access frameworks between two major platforms. He explained that Binance Square operates on a fully verified user base, enabling immediate participation in trading activities without additional hurdles.

KYC: From Optional to Mandatory Compliance Layer

As global regulations tighten, identity verification has become a non-negotiable requirement. CZ noted that if X platform introduces smart asset tagging and potential trading capabilities, users would likely undergo a formal KYC process—not due to technical constraints, but as a prerequisite for compliant operations.

Balancing Accessibility with Regulatory Alignment

• Pre-verified users gain faster access to financial tools
• New features must pass regulatory feasibility checks
• Platforms are adopting tiered verification to ease onboarding

This shift underscores the industry's move from experimental openness to structured compliance, where user mobility across ecosystems increasingly depends on verification status.