The inspirational life story of Binance founder, Changpeng Zhao

Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, with a fortune of $ 1.9 billion, has more than enough to build houses at sea and even buy flying cars.

But CZ., as he is affectionately called, is the founder and CEO of Binance, surprisingly he doesn’t have a car or a house. He said that all he wants is to hold cryptocurrencies.
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Although initially he was not versed in fintech, his story is somewhat similar to the story of the Norwegian Christoffer Koch, who kept bitcoins and was deliberately unaware of how his actions will change his luck.

How did Binance become the largest cryptocurrency in the world in less than 2 years?

How did its founder become a cryptocurrency billionaire and one of the richest cryptocurrency founders?

Summary of Changpeng Zhao

• Date of birth: 10th September 1977

• Country of origin: China

• Citizenship: Canada

• Residence: Singapore

• Forbes fortune: $ 1,900million (10th August, 2021))

• Institution: McGill University, Montreal, Canada

• Course studied: Computer Science

• Company: Binance (global cryptocurrency exchange)

• Crypto: Binance Coin (BNB)

• Cryptocurrency rating – 5th Richest Crypto CEO

Upbringing

In most cases, family education and parenting status can affect children. Of course, the CZ is no exception.

His parents were high school teachers: while his mother was an elementary and high school teacher, his father, a programmer and coding specialist, was a professor at a university in Canada.

Changpeng and the rest of the family stayed, and before their 15th birthday, his family received visas to visit his father in Canada.

So he stayed in Canada to study.

Inspiration
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The founder of Binance was introduced to programming and coding at a very young age. In an interview with Bloomberg, he described how his father spent CAD 7,000 to buy a 286 computer. Since then, he has owned an all-in-one computer on which he plays games and does other things.

His passion for programming was influenced by the skill of his father, who was an incredibly brilliant programmer, specializing in, Fortran, Pascal C and other programming languages.

Until the age of 17, CZ participated in a high school course program. As a student at McGill University, Changpeng Zhao, who dreamed of unprecedented success, applied for an internship at a software development company in Montreal.

At a software company, he was involved in a virtual reality markup language such as HTML.

He is a member of the Blockchain.info development team and was previously the CTO of OKCoin.

He worked last with OKCoin before taking the bold step of founding Binance in July 2017. Binance’s initial coin offer was ground-breaking as the world of cryptocurrency was hit with $15 million (ICO).

And in less than 20 months, a dynamic management team, along with many changes in the way competitors do business, made Binance the largest exchange by trading volume.



How it made Binance the largest

How can you accurately describe the company that entered the cryptocurrency world in 2017 and became the largest in the world by the end of 2018?

Today, Binance Exchange can process 1.4 million transactions per second.