Who is #Changpeng #Zhao, an important name in the cryptocurrency ecosystem and known as the CEO of #Binance, and why is it important for cryptos?
Changpeng Zhao , known as CZ in the #cryptocurrency ecosystem , is a Chinese-Canadian #businessman. It is known that CZ's Professor father, who was born in Jiangsu, #China in 1977, was described as a pro-bourgeois intelligence and was temporarily exiled shortly after #CZ was born.
Later, Zhao moved with his family to #Vancouver, British Columbia, #Canada in the late 1980s. After his father was exiled, CZ supported his family by working various jobs including #McDonalds and a gas station.
Later, Zhao continued his education at McGill University in #Montreal, Canada, where he specialized in computer science. After college, Zhao started working for the #Tokyo #Stock #Exchange and developed software for matching trade orders. In addition, CZ also worked at #Bloomberg #Tradebook, where he was a developer of futures software.
Moving to Shanghai in 2005, Zhao founded Fusion Systems, which is hailed as the fastest high-frequency trading systems for brokers.
Developing himself in the software field, Zhao later entered the crypto money ecosystem and from 2013 worked on various crypto money projects, including Blockchain.info , and served as OKCoin 's chief technology officer.
🚩Changpeng Zhao and Cryptocurrencies
As we mentioned above, CZ, which has been burning since 2013, is in the crypto money ecosystem. However Changpeng Zhao's recognition and popularity of the increase to start in terms of volume of transactions is currently the world's largest stock exchange is located in the crypto-currency position Binani think 'I began with the building.
In 2017, Zhao left #OKCoin to launch a cryptocurrency exchange called Binance. After raising $15 million in funding during an ICO offering, Zhao founded Binance in July 2017. In less than eight months, Zhao made Binance the world's largest cryptocurrency exchange by trading volume as of April 2018.
In February 2018, #Forbes Magazine placed Zhao in the third place in their list of “The Richest People in the Cryptocurrency Space” . In addition to this, CZ was also ranked 5th on the Forbes list named “Crypto Rich List 2021” . As of 2021, CZ's net worth is estimated at $1.9 billion.
Known by many people who are interested in the crypto money ecosystem today , CZ actively uses his Twitter account and constantly shares about both cryptocurrencies and his company Binance. Considering CZ's areas of expertise, it can be stated that almost the entire cryptocurrency ecosystem respects CZ and takes his recommendations into account.