Changpeng Zhao (CZ), founder and COO of global crypto exchange Binance, is one of the most influential personalities in crypto today, but his story is one of a true path to riches.
Zhao was born in a town in Jiangsu, China, and his family immigrated to Vancouver, Canada, in the 1980s, when he was 12 years old. He graduated with a degree in computer engineering and spent the next few years of his life building trading systems for popular exchanges like the Tokyo Stock Exchange and the Bloomberg Tradebook.
Zhao left his lucrative job to start his own company in 2005 and moved to Shanghai, China. After 8 years building his company, in 2013, CZ finally met Bitcoin, which changed everything.
CZ took Bitcoin’s bait hard, diving for the fledgling digital currency in 2014, when he sold his house and bought BTC at an average price of $600 per coin. The price of BTC fell shortly after, plummeting to $200, but CZ’s belief in the technology helped it “hold up” during the bear market, and the price ended up rising after two years.
CZ started his own cryptocurrency company almost four years after meeting Bitcoin.. At the height of the initial coin offering (ICO) era, Zhao launched the Binance cryptocurrency exchange in July 2017. Five years later, Binance is one of the top cryptocurrency exchanges globally in terms of trading volume. daily trades and cryptocurrency futures trading volume.
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