In 2014, Zhao Changpeng made a pivotal decision by selling his Shanghai home for 1.1 million yuan and investing the proceeds in Bitcoin. Despite Shanghai's real estate market later booming, Bitcoin's value initially dropped significantly. This move propelled Zhao into the spotlight within the cryptocurrency community. Shortly after, he joined OKCoin as technical director, managing international operations, though he left within a year. Undeterred, Zhao founded Binance in July 2017, launching just 11 days after a successful public offering that raised $15 million. Binance quickly became immensely popular among users worldwide.
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