Changpeng Zhao, also known as CZ, is the founder and CEO of Binance, one of the world's largest cryptocurrency exchanges. CZ has been an important figure in the cryptocurrency industry, and he has brought several innovations to the space through Binance, including:
Cryptocurrency exchange: CZ founded Binance in 2017, and it quickly became one of the most popular cryptocurrency exchanges in the world. Binance offers a wide range of trading pairs, including many that are not available on other exchanges.
Initial Exchange Offerings (IEOs): Binance introduced the concept of Initial Exchange Offerings (IEOs), which are similar to Initial Coin Offerings (ICOs) but take place on a cryptocurrency exchange. Binance has become one of the most popular platforms for IEOs, and several successful projects have been launched through the exchange.
Binance Coin (BNB): Binance created its own cryptocurrency, Binance Coin (BNB), which is used to pay for trading fees on the exchange. BNB has become one of the most popular cryptocurrencies in the world, and it has been integrated into many other cryptocurrency services.
Decentralized exchange: Binance has also launched a decentralized exchange, Binance DEX, which allows users to trade cryptocurrencies without relying on a central authority. This has helped to promote decentralization within the cryptocurrency industry.
Community engagement: CZ has been very active in engaging with the cryptocurrency community on social media, and he has used Binance's platform to support a wide range of cryptocurrency-related initiatives, including charity projects and educational programs.