Who is Changpeng Zhao (CZ) and What Does He Do?
In the crypto world, some people can get ahead of the platform and institution they own or take part in. Changpeng Zhao is among these people and is very popular in the crypto world.
In this content, we will try to answer the question of who is Changpeng Zhao and the most frequently asked questions about him.
Who is Changpeng Zhao (CZ)?
Changpeng Zhao; He is a business executive who is the founder and CEO of the Binance exchange.
Changpeng Zhao, commonly known by the acronym CZ and CZ Binance; He is half Chinese, half Canadian and was born in 1977 in Jiangsu province of China.
Changpeng Zhao, whose father is a professor and who was marked as “Pro-Bourgeois Intelligence” by the Chinese country and exiled, moved to Vancouver, Canada with his family in the late 1980s.
Earning as a teenager by working at gas stations and companies like McDonald’s to support his family, CZ later went to McGill University in Montreal, where he majored in computer science.
After completing university, Zhao moved to Japan, where he began working at the Tokyo Stock Exchange, where he developed software to match trade orders. Later, he moved to New York and continued to work as a futures software developer at Bloomberg Tradebook.
Gaining a certain knowledge and experience in Canada, CZ moved to Shanghai in 2005 and established Fusion Systems there. Fusion Systems was best known for the fastest high frequency trading systems for brokers.
In 2013, CZ found himself in the crypto world. Changpeng Zhao, who works in many crypto industries, especially Blockchain.info and OKCoin, was the Chief Technology Officer of OKCoin just before establishing his own crypto exchange.
In 2017, CZ left his job at OKCoin and started working on the Binance cryptocurrency exchange. Having obtained a fund of approximately $ 15 million with the Initial Coin Offering (ICO), Zhao established the Binance Exchange in July 2017 with this fund.
CZ, which made Binance Exchange the world’s largest crypto exchange in terms of trading volume in a very short time after its opening, entered the list of the Richest People in the Crypto World in the 2018 February issue of Forbes Magazine.
As of 2021, Changpeng Zhao’s wealth is known as 1.9 billion dollars, and he is still among the richest in the crypto world and remains as popular as the Binance Exchange he founded.
Changpeng Zhao, who likes to travel a lot, says that the concept of home and keeping himself in one spot is not for him, that’s why he likes to discover things by traveling a lot and states that traveling a lot gives him the opportunity to fully contact the world.
CZ, who came from the economy and finance sector he was involved in at a young age and discovered the difficulty and cost of cross-border money transfers very closely, says that in addition to the difficulties and costs in cross-border money transfers, serious losses are incurred due to the exchange rate, and therefore he is interested in the crypto world.
CZ, who first entered the crypto world thanks to his meeting with Bitcoin, discovered the benefits of this system as soon as he met Bitcoin (BTC) and the crypto system and started to look warm from the very first moment.
Changpeng Zhao, who started researching immediately when he first met Bitcoin, attended the Bitcoin Conference that will take place in Las Vegas the year he first met Bitcoin. Stating that the reason for his participation is to verify whether Bitcoin is really only used in the underground world and on platforms such as the deep web, CZ discovered the software world behind the crypto world with this conference.
CZ, who left his current job at the end of his discovery of Bitcoin and crypto finance and bought Bitcoin with all his assets, says that he did not give up and showed a stable stance, even though he suffered losses by coinciding with the decline periods.
Changpeng Zhao, who still continues to work for both the Binance Exchange he founded and the crypto world, says that despite the time and wealth he has earned, he does not care about money, he does not get stuck in the rankings and he is much happier in this way.
Finally, CZ, who says that it is a bit sad to be treated like the person who gets richest in the world as soon as possible, states that people are only stuck with the period from the establishment of Binance to its placement in the first place, but ignores the effort and work of the years before this process.
Official Accounts of Changpeng Zhao
Changpeng Zhao (CZ) Twitter
Changpeng Zhao (CZ) LinkedIn
Changpeng Zhao (CZ) Forbes