Changpeng Zhao - Cofounder and CEO of Binance

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Binance CEO Changpeng Zhao is a well-known cryptocurrency expert and enthusiast. In the eyes of many outside observers, he is an avatar for the entire industry as the CEO of the world's top crypto exchange by trading volume. Find out more about Changpeng Zhao.


An Introduction to Changpeng Zhao

Changpeng Zhao (also known as Zhao Changpeng) is Binance's cofounder and CEO. The company has grown to become the world's largest cryptocurrency exchange under his leadership. It makes it easier to trade Bitcoin, Ethereum (or Ether), and other popular digital coins. He was also the founder of Fusion Systems, a stock trading firm. He graduated from McGill University in Montreal, Canada, with a degree in computer science.

Changpeng's meteoric rise to prominence in the cryptocurrency exchange community has earned him coverage in major media outlets such as Forbes, Fortune, Insider, The New York Times, New York Times Magazine and Reuters.


4 Facts About Changpeng Zhao

Changpeng Zhao is a well-known figure in the cryptocurrency community. Here are some interesting facts about him:

1. Changpeng has traveled extensively throughout the world. Changpeng, who was born in China's Jiangsu province, was forced to flee his homeland after the Chinese government labeled his father a "pro-bourgeois intellect." In the late 1980s, the family relocated to Vancouver, British Columbia, where Changpeng supported his family by working at McDonald's. He's lived in Dubai, Shanghai, Singapore, and Tokyo since then, but he still considers himself a Canadian citizen.

2. Changpeng is one of the world's wealthiest individuals. Changpeng was listed as one of the world's wealthiest people by the Bloomberg Billionaires Index as of late 2022. His ranking changes based on the value of his net worth, which is comprised of crypto and Binance holdings.

3. Changpeng sold his apartment to purchase Bitcoin. Changpeng saw a huge opportunity to invest in cryptocurrency in 2015. He sold his Shanghai apartment to buy as much Bitcoin as he could. Two years later, he launched Binance with a $15 million initial coin offering.

4. Changpeng previously worked in the stock market. Changpeng spent a significant amount of time learning about the stock market in various countries prior to working in crypto. Before selling his own high-frequency trading systems to brokers, he worked for the Tokyo Stock Exchange and Bloomberg Tradebook.


5 Highlights From Changpeng Zhao

1. Accumulating wisdom: According to Changpeng, one of the most important ways to accumulate wisdom is to be humble and honest with yourself. "Don't get involved in things you don't understand," he advises. "If it's something new, don't do it just because your friends are into it. Find out more about it. "Do not follow the crowd."

2. Entrepreneurship: Before breaking into the mainstream, cryptocurrency was a speculative project. "You don't have to be a blockchain developer to participate in the ecosystem anymore," Changpeng says. "You can now be any entrepreneur."

3. Investment strategy: After decades in finance and cryptocurrency, Changpeng believes it's critical to manage risk versus reward in your own portfolio. "One way to measure risk is to ask, 'Look, if all your investments went to zero, is your life still okay?'" he suggests.

4. Increasing accessibility: Changpeng has simplified cryptocurrency trading with Binance. He claims that he enjoys making tested prototype technologies available to hundreds of millions or even billions of users.

5. Skepticism: Changpeng believes that crypto should be approached with the same skepticism as any other investment. "If something sounds too good to be true, it usually is," he says. "So, don't go after those things. Do your own research. And avoid putting all of your eggs in one basket."

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