Changpeng Zhao, also known as CZ, is a Chinese-Canadian business executive. Mainly founder and CEO of Binance.
Zhao, was born in 1977 in Jiangsu Province, China. He then moved with his family to Vancouver, Canada. His father was a professor in China before being titled Pro-Bourgeois Intellect, and the only way out was to opt for exile.
Changpeng Zhao attended McGill University in Montreal, Canada. Where he specialized in computer science.
Meet Changpeng Zhao
In order to support his family, Changpeng Zhao had to work at McDonald’s. In addition, he covered night shifts at a service station.
After college, he began working for the Tokyo Stock Exchange. Also, he worked at Bloomberg Tradebook, where he was a software developer.
Although his career in the two companies was successful, Changpeng Zhao yearned for more. And in 2005 he moved to Shanghai, where he founded Fusion Systems. With it, he developed high-frequency trading software for brokers.
Starting in 2013, he worked for various cryptocurrency projects, including Blockchain.info, where he was head of development for eight months.
He was also the CTO of OkCoin. This led him into the crypto sector, prompting CZ to officially enter the sector.
In 2017, CZ left OkCoin to start the Binance Exchange. Specifically, it launched it in July 2017, following a $ 15 million funding from an initial coin offering (ICO).
The most recent of his achievements was the launch of the Binance Chain. In fact, they have already migrated BNB from the Ethereum network.
Awards and honours
He was nominated for the Golden Token Awards and ended up being the CEO of the year 2018.
By the way, Binance won the Best in Trading / Dex award.
In February 2018, Forbes magazine ranked it third on its list of «The richest people in Cryptocurrencys ».
In fact, in 2019, the Forbes list places him as the richest man, at 1818. However, on the list of the richest people in China, Changpeng Zhao came in at number 216.
It should be noted, that it took CZ over a decade of experience, multiple jobs as a developer, and about five years understanding the world of cryptocurrencies to achieve that success.
Most curious tweet
If anything, Zhao said that Twitter is not part of a larger goal. If not a way to interact with the crypto community.
According to the Financial Times report, Queen Elizabeth II expressed interest in a Blockchain research magazine, which was posted to Buckingham Palace.
From there, Changpeng Zhao speculated on Twitter that the queen might have Bitcoin. Which led to a series of joking comments from the crypto community.
As a curious fact, the @cz_binance account on Twitter was created in August 2017, shortly after the creation of Binance. Since then, he has amassed 625,000 followers.
In general, CZ is already a benchmark for the community that follows the development of cryptocurrencies in the world on a daily basis.
Although he is a billionaire, CZ does not own exotic cars or a yacht. His mind is on making Binance the largest exchange ever.
To conclude, for Changpeng Zhao nothing happened overnight. You have to work in order to grow.
I am retiring, but not before leaving you this phrase from Changpeng Zhao: «If it is possible to travel to the future, I would like to see how humanity has changed dramatically under the influence of Blockchain technology».