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How CZ built Binance and became the richest man in cryptocurrency

Founder and CEO of global crypto exchange Binance, Changpeng “CZ” Zhao is one of today’s most influential cryptocurrency personalities, but his story is truly that of a thief to a rich man. .

CZ was born in a village in the Jiangsu province of Shanghai and moved with his family to Vancouver, Canada in the 1980s when he was 12 years old. He studied computers his science his engineering at university and then spent several years working on the Tokyo Stock Exchange and Bloomberg his trade book.

CZ quit his lucrative job in 2005 to launch his own venture and returned to Shanghai. In 2013, eight years after starting his company, CZ finally stumbled upon Bitcoin (BTC). This changed everything for him.

The Bitcoin bug plagued CZ, and he went all-in on the fledgling digital currency in 2014, selling his house and buying BTC at an average of $600 per coin. Bitcoin’s price quickly fell, crashing to $200, but his CZ belief in technology helped him weather the bear market. Two years later, the price has jumped.

CZ started its own crypto venture about four years after discovering Bitcoin, and launched Binance in July 2017 at the peak of the early coin offering era. Five years later, Binance has become one of the world’s leading cryptocurrency exchanges by daily trading volume.

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