Changpeng “CZ” Zhao, the founder and CEO of world cryptocurrency alternate Binance, is likely one of the most influential crypto personalities in the present day, however his story is a real rags-to-riches one.
CZ was born in a village in Jiangsu, Shanghai, and his household migrated to Vancouver, Canada, within the Eighties when he was 12. He studied laptop science engineering in school and spent the following few years constructing buying and selling programs for fashionable exchanges such because the Tokyo Inventory Change and Bloomberg Tradebook.
CZ left his profitable job in 2005 to begin his personal enterprise and moved again to Shanghai. In 2013, after eight years of constructing his firm, CZ lastly got here throughout Bitcoin (BTC) — which modified all the pieces for him.
The Bitcoin bug bit CZ exhausting, and he went all-in on the nascent digital foreign money in 2014, promoting his home and shopping for BTC at a mean worth of $600 per coin. Bitcoin’s worth fell quickly after and crashed to $200, however CZ’s perception within the tech helped him hodl by the bear market. After two years, the value jumped again up.
CZ began his personal crypto enterprise practically 4 years after coming throughout Bitcoin, launching Binance in July 2017 on the peak of the preliminary coin providing period. 5 years later, Binance is likely one of the main world crypto exchanges by way of every day buying and selling quantity.