Changpeng Zhao Biography
Changpeng Zhao is a Canadian businessman, investor, and software developer of Chinese origin. Zhao is the co-founder and CEO of Binance, which as of July 2022 had the world’s largest cryptocurrency exchange by trading volume.
Zhao majored in computer science at McGill University in Montreal, Quebec.
Changpeng Zhao Girlfriend
According to a Reuters investigation into Binance, Zhao was romantically involved with former Chinese travel television show host and Binance co-founder Yi He for “several years.” She later had a son in the United States.
Changpeng Zhao Family (Parents and Siblings)
He emigrated to Canada with his family in the late 1980s, when he was 12 years old and settled in Vancouver, British Columbia. His parents were also Chinese teachers. Before being labeled a “pro-bourgeois intellect” and deported to rural areas shortly after Zhao’s birth, his father worked as a university instructor. Zhao supported his family during his adolescence by working a variety of low-service jobs, including as a fast-food clerk at a McDonald’s restaurant.
Changpeng Zhao Height
He stands at a height of 5 feet 7 inches(1.7m).
Changpeng Zhao House
Zhao stated in 2022 that he obtained Canadian citizenship roughly 30 years prior, in 1992. He returned to China in 2005, finally purchasing an apartment in Shanghai. He sold his Shanghai condominium in 2015 and used the proceeds to buy Bitcoin. Zhao remained in China until late 2017, when the Chinese government banned cryptocurrency exchanges. He is currently based in the United Arab Emirates, in Dubai.
Changpeng Zhao Net Worth
He has an estimated net worth of 10.5 billion USD.
Changpeng Zhao Cryptocurrency exchange
The Binance cryptocurrency exchange went live in July 2017 and raised $15 million through an initial coin offering. Eleven days later, trading began on the exchange. In under eight months, Zhao developed Binance into the world’s biggest digital money trade by exchanging volume (as of April 2018). In 2017, Zhao also launched Binance Coin; this is a utility symbolic that gives its proprietors different advantages, like limits on exchanging charges. Binance Smart Chain, an Ethereum competitor with smart contract functionality, was launched in April 2019.
With an estimated net worth of $1.1-2 billion, Forbes ranked him third on their list of “The Richest People in Cryptocurrency” in February 2018. In 2019, Zhao sent off Binance’s U.S. associate, Binance. US. Binance pulled out its application to run a Singapore-based crypto trade in 2021.
On 27 Walk 2023, the Product Prospects Exchanging Commission (CFTC) recorded a claim against Binance and Zhao in the US Region Court for the Northern Locale of Illinois, guaranteeing stubborn avoidance of US regulation and supposedly penetrating subordinates rules. Internal communications describing transactions by the Palestinian militant organization Hamas and suspected criminals were cited by the agency as evidence that Binance had broken rules intended to prevent money laundering.
