Do you know who Changpeng Zhao is? He is more popularly known by his nickname CZ Binance. He is actually the CEO of Binance, which is the world’s largest crypto exchange. Binance surprisingly grew from just a small idea to the biggest market for crypto trading within a matter of few months.
Maybe it was luck or hard work. Maybe it was a little bit of both!
CZ who’s always seen wearing black, became a crypto billionaire in a blink of an eye and became a sensation in the blockchain-world. So, lets dive into some more interesting facts about him and how he found his found his way to glory.
Fame in 180 Days
Binance was initially founded on 1st Jully’17. It then became the biggest exchange in the crypto market in a little under 6 months. It’s ICO (Initial Coin Offering) was Binance Coin (BNB) that started from ¢11 and now values $10. This year in January it was above $24.
Another Trading System
Zhao worked on another trading system before he worked on Binance. It was around in 2005, in Shangai he founded “Fusion Systems.” It was basically a trading platform for brokers. It was around 2013 when he decided to step foot towards his crypto-journey.
He began his crypto-journey from blockchain.info and in 2014 he took a huge risk to sell his Shanghai apartment for $1 million, the money was used to buy Bitcoin. Can you imagine how much he believed in the crypto-world? He took his chances and he got super-duper lucky!
Started From The Bottom
Cz was originally born in Jiangsu, a province in China. But, his parents migrated to Canada after he was born. So, just like all of us he started to work as a teenager to help in the household expenditures. In the 1980s, he started to work for McDonalds and flipped burgers to help his parents.
He was super passionate about stock markets and that’s where he choose a career path. He started out as a man who flips burgers to be the CEO of one of the biggest crypto exchanges in the world. Hard work and believing in yourself rewarded him with all of he is today. So, never give up my friends. Your life changing day must be around the corner!
He Lives and Breathes Binance
That doesn’t come as a surprise. After all, he is the founder of the company! But, the fact remains. He’s not passionate about anything else. He loves his company so much that he only wears Binance hoodies and T-shirts. Interestingly, he doesn’t own a single house or a car. But, he’s always seen wearing black. We’re guessing that’s his favorite color just like Steve Jobs.
CZ is all up for rather unusual marketing tactics. He just loves them! Binance in the past has offered quite a few promotions. Guess what? One of them had the most amazing giveaway ever! It was a Lamborghini giveaway! CZ is the sort of person who isn’t himself interest in cars. But, he knows how to grab attention and he sure as hell knows who how to create the buzz. We hope to see some more completely out of the box giveaways. We’re secretly hoping to win one. *wink*
While surprisingly big crypto’s like Ethereum, Bitcoin and Ripple saw some downfall in their values this year. Binance has been booming like crazy and making big bucks. With such exceptional success Zhao is now an all new crypto-star. Binance can easily capable of handling 1.4 million transactions every second. That’s just mind-blowing!
Do you know more fun facts about CZ or his company? Share them with everyone in the comments section below!