From Poor to Rich: The Incredible Success Story of Binance's Founder, Changpeng Zhao
Changpeng Zhao is one of the most successful investors in the world. He co-founded and still runs Binance, one of the world’s leading exchanges for trading digital currencies and blockchain assets. In fact, the the largest crypto exchange in the world by trading volume.
Zhao is also the Founder and CEO of Cryptocurrency exchange Binance.
Zhao’s trading history began early. He started trading stocks when he was only 13 and later moved on to forex, commodities and digital assets. He founded his first company when he was just 18 and it ended up as one of China’s top internet firms.
In just five years, Zhao has built a company that processes more than 100 million orders a year, a crypto exchange that has grown to become the world’s largest and one of the most profitable companies in the blockchain industry.
In this article, we’ll explore the incredible success story of Binance’s Founder, Changpeng Zhao. Read on to learn more about his role as an entrepreneur, his key investments, his views on building a successful company and his advice for budding entrepreneurs.
Who is Changpeng Zhao?
Changpeng Zhao is the founder, CEO and founder of Binance. He’s also a prominent cryptocurrency investor, investor and blockchain evangelist.
Before building Binance, Zhao was a successful trader and founder of FXjacked.com, an online forex trading platform. He was also involved with many other companies before founding Binance, including Bitcoin Top, Qun, and Blockchain Technology Research Center.
Early Life and Education
Zhao was born on February 19, 1979 in Qingdao, China. He grew up in Singapore and attended Anglo-Chinese School (ACCESS), a prestigious government-funded school which he described as “the best school in Asia.”
After attending ACCESS, Zhao was admitted to MIT in the US, where he studied computer science. He then pursued his MBA from Stanford Graduate School of Business, a top-ranked business school in the US.
Career before founding Binance
Before founding Binance, Zhao was a successful trader and founder of FXjacked.com, an online forex trading platform. He was also involved with many other companies before founding Binance, including Bitcoin Top, Qun, and Blockchain Technology Research Center.
He was even involved in an attempt to launch a new digital currency in China during the infamous Chinese ICO ban of 2017. Zhao is also a renowned blockchain investor and has been referred to as the “Godfather of Crypto Trading.”
The Birth of Binance
Binance was founded in 2017 by Changpeng Zhao, who launched the exchange with the aim of providing a platform for the global exchange of blockchain assets.
Binance’s ICO was held in mid-2017 and raised more than $15 million in bitcoin, ether and fiat currencies. At the time of its launch, Binance was the world’s most popular cryptocurrency exchange by trading volume.
The Binance platform has been so successful because of its offering of services geared toward the needs of cryptocurrency traders. Binance has a large variety of trading pairs, high liquidity and low fees.
The platform has also made a name for itself by being highly secure, with a focus on user experience. Binance lists new tokens every day and also accepts all forms of crypto donations.
What makes Binance so successful?
Binance’s success can be attributed to many factors. The first of these is its innovative security system. The exchange was one of the first major exchanges to focus on securing user funds and protecting the exchange from hacking attacks.
Binance offers its trading services through a wide range of trading pairs, which makes trading simple and straightforward. It has a high level of liquidity, which means that users can easily exchange their cryptocurrencies.
Binance’s low trading fees are another key factor in the exchange’s success. The exchange charges as little as 0.1%. This means that traders can easily trade cryptocurrency pairs such as bitcoin for the equivalent amount in fiat currency.
Zhao’s Investment Picking Strategy
The success of Binance can be attributed to a number of factors. One of these is Binance CEO Changpeng Zhao’s investment picking strategy.
Investors seek out successful companies, companies that have proven themselves and that have a track record of success. Binance CEO, Changpeng Zhao, does the same.
He looks for companies with a good product, which is user-friendly and which has a clear purpose. Binance also has a clear vision of where it wants to take the company, which is also an important factor.
The next key aspect of a successful investment is finding investments that are undervalued. When investors look at a company, they look at the market value and compare how much the company is worth with how profitable the company is.
This means they are looking at the price of the company and not the product itself. The key to success is finding investments that are undervalued and that have potential for growth.
Final Words
Binance is one of the world’s most successful crypto exchanges. It’s also one of the most profitable exchanges in the world.
Binance was founded in 2017 by Changpeng Zhao. The exchange has grown to become one of the most popular exchanges for trading cryptocurrencies by trading volume.
Binance offers a wide range of trading pairs, high liquidity and low fees. It’s also highly secure, with a focus on user experience. Binance is a great place to begin your investment journey into the world of cryptocurrencies.
