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https://www.wsj.com/finance/currencies/trump-family-crypto-1e7ab14a

The Recipe Behind the Trump Family’s Crypto Riches: PancakeSwap

The under-the-radar trading platform is quietly administered by Binance, the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump

By

Angus Berwick

and

Patricia Kowsmann

Aug. 12, 2025 9:00 pm ET

Checkbox — Crypto entrepreneurs from across the world traveled to the Washington, D.C. area in May to attend an exclusive dinner with President Trump. WSJ pulls back the curtain on the high-profile affair. Photo Illustration: Annie Zhao

The Trump family’s crypto venture has generated more wealth since the election—some $4.5 billion—than any other part of the president’s business empire.

A major reason for the success is a partnership with an under-the-radar trading platform quietly administered by Binance, the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump, according to people familiar with the matter.

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The Recipe Behind the Trump Family’s Crypto Riches: PancakeSwap

The under-the-radar trading platform is quietly administered by Binance, the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump

What to Read Next

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Blank-Check Company Strikes Cryptocurrency Deal

Bitcoin’s Path to a New All-Time High, in Charts

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He Thought an Employee Stole Crypto. The FBI Says It Was a North Korean Scammer.

Trump signs the Genius Act into law, in significant step for U.S. crypto regulation

Longtime Home of Indie Film Royalty John Cassavetes and Gena Rowlands in L.A. Lists for Nearly $5 Million

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