The founder of Binance, with a $60B net worth, is back after 4 months in prison and greeted the world with his legendary 'gm.' Here’s the full story of his journey 👇
Early Life:
🔹 Changpeng Zhao (CZ) was born in Jiangsu, China, in 1977.
🔹 During the Cultural Revolution, his father, a professor, was exiled.
🔹 At 12, his family emigrated to Vancouver, starting from scratch. CZ worked at McDonald’s and a gas station, learning perseverance.
Education & Early Career:
🔹 Fascinated by technology, CZ studied computer science at McGill.
🔹 He developed high-frequency trading systems at Bloomberg in Tokyo and New York, gaining a deep understanding of financial markets.
Entry into Crypto:
🔹 In 2013, CZ learned about Bitcoin during a poker game.
🔹 By 2014, he sold his house and invested everything in Bitcoin, a bold move that showed his belief in the future of crypto.
🔹 He joined Blockchain.info and worked with major figures like Roger Ver. Later, he worked at OKCoin before seeing the limitations of existing exchanges.
The Birth of Binance:
🔹 In 2017, CZ founded Binance, aiming to create a user-friendly and secure exchange.
🔹 Binance raised $15M through an ICO in July 2017 and became the world’s largest crypto exchange in just 6 months! 🚀
Challenges & Triumphs:
🔹 Global regulatory scrutiny hit Binance in 2021, but CZ focused on compliance and working with regulators.
🔹 Binance overcame a 2019 hack and market volatility to remain on top, all under CZ’s leadership.
Influence & Legacy:
🔹 By 2021, CZ was one of the world’s wealthiest, yet he leads a humble life.
🔹 Active on Twitter, he shares insights and humor, earning respect for his transparency.
Conclusion / My Thoughts:
🔹 CZ’s journey, from China to founding Binance, highlights his perseverance and vision.
🔹 He has changed hundreds of thousands of lives and revolutionized crypto trading and blockchain adoption.
Thank you, CZ—my journey in crypto, like many others, started with Binance. 🙌 #CZ #Binance #CryptoPioneer #Bitcoin