Changpeng “CZ” Zhao, the founder and Chief executive officer of worldwide cryptocurrency exchange Binance, is among the most influential crypto personalities today, but his story is really a true rags-to-riches one.
CZ was created inside a village in Jiangsu, Shanghai, and the family migrated to Vancouver, Canada, within the 1980s as he was 12. He studied information technology engineering attending college and spent the following couple of years building buying and selling systems for popular exchanges like the Tokyo, japan Stock Market and Bloomberg Tradebook.
CZ left his lucrative job in 2005 to begin their own venture and moved to Shanghai. In 2013, after eight many years of building his company, CZ finally discovered Bitcoin (BTC) — which altered everything for him.
The Bitcoin bug bit CZ hard, and that he went all-in around the nascent digital currency in 2014, selling his house and purchasing BTC in an average cost of $600 per gold coin. Bitcoin’s cost fell right after and crashed to $200, but CZ’s belief within the tech helped him hodl with the bear market. After 2 yrs, the cost leaped support.
CZ began their own crypto venture nearly 4 years after finding Bitcoin, launching Binance in This summer 2017 in the peak from the initial gold coin offering era. 5 years later, Binance is among the leading global crypto exchanges when it comes to daily buying and selling volume.
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