Who Is Binance Crypto King?

Changpeng Zhao also known as CZ is a Chinese Canadian. He is considered one of the influential people in the crypto community.

He was once a member of Blockchain.info developer and CTO of OKCoin. Currently the CEO and founder of Binance (the world's largest cryptocurrency exchange).

Hard childhood

When hearing the name Changpeng Zhao (CZ), surely everyone realizes this is a person from China. Yes, CZ was born in Jiangsu province, China in 1977 into an intellectual family with a professor father and a teacher mother.

In the late 1980s, his family was forced to leave their homeland and live in a foreign country due to the label of "pro-bourgeois intellectuals".

This can be considered as one of the first big turning points for CZ when his parents chose Vancouver, Canada to live in. An integrated and developed country has brought him an advanced education.

Changpeng Zhao -  Influential people in the crypto community. | Imgae Source: Internet

Join Bloomberg

After completing the course, to gain more experience, Changpeng Zhao went to Tokyo to work for a company developing software to help match orders for the Tokyo Stock Exchange.

In 2001, he moved to New York and joined Bloomberg, becoming responsible for developing software systems for futures trading.

After 4 years of working with 3 "speedy" promotions at one of the largest corporations in the world; He passed away while on the way to the top of his career.

This time, the next place he went was his hometown. In 2005, CZ went to Shanghai and founded his own “world” – Fusion Systems. This is a company known for building some of the fastest high-frequency trading systems for brokers.

But fate came one day in the fall of 2013. At that time, Changpeng Zhao had a friend who played Poker together named Ron Cao. It was this person who introduced him to Bitcoin.

And what will come will come, in December 2013, Zhao decided to part with his "first child" after 8 years of attachment to move to London; officially enter the cryptocurrency industry.

Around this same time, he sold his Shanghai home to invest in Bitcoin – his first crypto-related venture.

Gradually learn about cryptocurrencies

After arriving in London, Changpeng Zhao joined Blockchain.info as the third member of the crypto wallet team; and quickly became CTO here.

During this time, he worked with Ben Reeves, Roger Ver, Anthony Antonopoulos, and Nicolas Cary (industry celebrities) to develop the service.

About a year later, he left London again, returning to China to become the CTO of the crypto exchange OKCoin. Under the leadership of CZ, OkCoin became the leading exchange in China at the time.

But eight months later, he unexpectedly announced his departure from OKCoin after the company had a contract dispute with Roger Ver. A breakup is not peaceful!

In September 2015, Zhao returned to Shanghai to found BijieTech – a company focused on providing cloud-based trading systems to miners.

But after changing jobs and establishing two companies, he was still not satisfied and once again left his shirt with "giving a second child".

He decided to launch an ICO in July 2017 and raised $15 million with 200 million BNB sold in sales | Imgae Source: Internet

Build a dream Blockchain empire

After two years in this industry,

Witness some historical events, such as the MT.GOX exchange being hacked to the point of declaring bankruptcy

Changpeng Zhao realized this was the perfect time to create an empire of his own. So he decided to launch an ICO in July 2017 and raised $15 million with 200 million BNB sold in sales.

With all the experience that he has accumulated since his "baby" to build a career; In less than 8 months, Zhao has turned Binance from a startup to a "big brother" in the field of exchanges. Knock out all the exchanges that have dominated the market before.

In fact, Binance has grown so fast that CZ itself was quite surprised. However, if you take a closer look, you won't be too surprised at how this startup can capture the market from the big guys so quickly.

There are many criteria to bring Binance to the top 1, such as:

The exchange launched the native token, aiming to offer preferential trading fees for those who use BNB

Pay attention to the security system

Super fast transaction speed. The exchange can handle about 1.4 million transactions per second

…

With the strong growth of Binance, the talented leader of the exchange has quickly become one of the richest people in the industry ranked by Forbes.