In 2014, Changpeng Zhao (CZ) made a daring decision—he sold his Shanghai apartment, pocketing roughly £1.1 million, and bet it all on Bitcoin. Shortly after, the real estate market in Shanghai surged, doubling in value, while Bitcoin plummeted, losing two-thirds of its worth. Despite the setback, this bold gamble began to earn CZ recognition within the emerging crypto community.
Later that same year, CZ crossed paths with Xu Mingxing, the founder of OKCoin, at a cryptocurrency event. By June, he had joined OKCoin as CTO, where he spearheaded the company’s technological innovations and international expansion. However, internal conflicts arose, and CZ parted ways with OKCoin within a year, signaling a difficult but necessary pivot.
Fast forward to July 2017—CZ took an even bigger leap and launched Binance. Just 11 days after raising £15 million through an ICO, the exchange went live. The platform quickly skyrocketed to prominence, transforming Binance into a dominant force in the crypto industry.
This journey illustrates that achieving greatness often requires relentless determination, calculated risk-taking, and the ability to weather adversity. CZ’s resilience and strategic moves cemented his legacy as one of the most influential figures in the crypto world.
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