CZ Clarification: Genius is not a competitor of Aster, but a Perp DEX trading terminal

GateUser-6433627c · 2026-01-13T16:08:47+00:00

CZ clarified on social media that Genius Trading is not a competitor of Aster, but rather a decentralized trading platform. YZi Labs has invested tens of millions of dollars in Genius, and CZ will also serve as an advisor for the project. Genius CEO Armaan Kalsi stated that the investment amount clearly exceeds $10 million, but did not disclose specific details or whether tokens will be issued.

GateUser-6433627c

2026-01-13 16:08:47

Abstract generation in progress

On January 14, CEX founder CZ commented on social media regarding the discussion about “CZ’s new advisory role in Genius Trading and its competitive relationship with Aster,” stating, “Genius is a trading terminal connecting decentralized perpetual contract trading platforms (Perp DEX), and is not a competitor of Aster.” According to a report by BlockBeats yesterday, YZi Labs has made a “multi-8-figure” (tens of millions of dollars) investment in Genius Trading, and CZ will also join 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 declined to disclose the specific scale and investment structure (equity, tokens, or a hybrid), and did not respond to whether Genius plans to issue its own tokens.

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