In 2013, Changpeng Zhao was casually playing poker with friends when the conversation took an unexpected turn. Someone mentioned Bitcoin, a novel concept of digital money that didn't rely on traditional banks. Initially abstract, the idea intrigued CZ, especially with his strong background in technology—having built trading systems for the Tokyo Stock Exchange and Bloomberg. The more he delved into Bitcoin, the more he saw its potential. Driven by this newfound conviction, he sold his Shanghai apartment and invested everything into Bitcoin. This bold decision catapulted him into the heart of the cryptocurrency world. He joined Blockchain.info as Head of Development, working alongside early crypto pioneers, before moving on to become the CTO of OKCoin, gaining valuable insight into how crypto exchanges operated. By 2017, CZ saw an opportunity to build something better and launched Binance, raising $15 million through an Initial Coin Offering (ICO). Within months, Binance grew into the world’s largest crypto exchange. What began as a casual poker game evolved into a life-altering moment, propelling CZ onto a path that would ultimately revolutionize the global financial system.
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