Is Ruthless Does One Have to Be to Succeed?
In 2014, Zhao Changpeng sold his house in Shanghai and used the 1.1 million yuan proceeds to buy #Bitcoin . While Shanghai housing prices doubled, Bitcoin dropped to a third of its value. Yet, this move cemented Zhao Changpeng's reputation in the cryptocurrency world.
At an event in March 2014, Zhao met Xu Mingxing, founder of the domestic Bitcoin exchange OKCoin, and joined #OKCoin in June as Technical Director, also overseeing international affairs. Less than a year later, Zhao parted ways with OKCoin.
In July 2017, he founded Binance. Following a public offering that raised $15 million, Binance opened just 11 days later and quickly became popular with users.