CZ (Changpeng Zhao)

Founder & CEO of Binance

About

Changpeng Zhao, known as CZ, is a serial entrepreneur with an impressive track record of successful startups. He launched Binance in July 2017 and within 180 days, grew Binance into the largest cryptocurrency exchange in the world. An expert in blockchain and trading systems, CZ has built Binance into the leading blockchain ecosystem, comprised of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more. CZ is a Chinese-Canadian coder who spent time in Tokyo and New York in his earlier life, first building systems for matching trade orders, then developing software for Bloomberg's futures trading on Wall Street. In 2005, CZ quit his role as head of the Bloomberg Tradebook Futures Research & Development team and moved to Shanghai to start Fusion Systems. Soon thereafter, he learned about Bitcoin and joined Blockchain.info as Head of Technology. In 2020, CZ was recognized in the Bloomberg 50 as one of the most influential people of the year. Career After university, Zhao got an internship in Tokyo working for a subcontractor of the Tokyo Stock Exchange, developing software for matching trade orders. He then worked full-time for 4 years at Bloomberg Tradebook where he was a developer of futures trading software. In 2005, he moved to Shanghai where he founded Fusion Systems, known for "some of the fastest high-frequency trading systems for brokers." Beginning in 2013, he worked for various cryptocurrency projects including Blockchain.info and also served as chief technology officer of OKCoin. In 2017, Zhao left OKCoin to start a cryptocurrency exchange called Binance. He launched the company in July 2017, following a $15 million funding raised during an initial coin offering. In less than eight months, Zhao grew Binance into the world's largest cryptocurrency exchange by trading volume, as of April 2018. Zhao also launched blockchain network Binance Smart Chain that has made significant contributions to the development of the decentralized finance industry. In February 2018, Forbes Magazine placed him third on their list of "The Richest People In Cryptocurrency". As of 2021, his net worth is estimated at $1.9 billion.

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