How CZ Built Binance and Became the Richest Person in Crypto

CZ first encountered bitcoin in 2013 and got a little rough with the BTC bug, which led him to sell his house in Shanghai and do everything -in.

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Changpeng “CZ” Zhao, the founder and CEO of global cryptocurrency exchange Binance, is one of the most influential crypto personalities today, but his story is a true rags-to-riches story .

CZ was born in a village in Jiangsu, Shanghai, and his family emigrated to Vancouver, Canada in the 1980s when he was 12 years old. He studied computer engineering in college and spent the next few years building trading systems for popular exchanges. such as the Tokyo Stock Exchange and Bloomberg Tradebook.

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CZ quit his lucrative job in 2005 to start his own business and moved back to Shanghai. In 2013, after eight years of building his business, CZ finally stumbled across Bitcoin (BTC) - which changed everything for him.

The Bitcoin bug hit CZ hard, and he bet everything on the fledgling digital currency in 2014, selling his house and buying BTC at an average price of $600 per coin. Bitcoin's price fell soon after and crashed to $200, but CZ's belief in technology helped him through the bear market. After two years, the price jumped again.

CZ started his own crypto business nearly four years after he met Bitcoin, launching Binance in July 2017 at the height of the initial coin offering era. Five years later, Binance is one of the world's leading crypto exchanges by daily trading volume.

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