Binance founder Changpeng Zhao will be going to jail, says CFTC Chair Russ Behnam
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Changpeng Zhao, commonly known as “CZ”, is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance, one of the world’s largest cryptocurrency exchanges.
On September 10th, 1977, Zhao was born in Jiangsu province, China. In the late 1980s, he moved with his family to Vancouver, British Columbia, Canada.
Zhao attended McGill University in Montreal, Canada, where he majored in computer science.
After university, Zhao got an internship in Tokyo working for a subcontractor of the Tokyo Stock Exchange, developing software for matching trade orders. He then worked full-time for 4 years at Bloomberg Tradebook where he was a developer of futures trading software.
In 2005, he moved to Shanghai where he founded Fusion Systems, known for “some of the fastest high-frequency trading systems for brokers.”
Beginning in 2013, he worked for various cryptocurrency projects including Blockchain.info and also served as chief technology officer of OKCoin.
In 2017, Zhao left OKCoin to start a cryptocurrency exchange called Binance. He launched the company in July 2017, following a $15 million funding raised during an initial coin offering. In less than eight months, Zhao grew Binance into the world’s largest cryptocurrency exchange by trading volume, as of April 2018. Zhao also launched blockchain network Binance Smart Chain that has made significant contribution to the development of the decentralized finance industry.
Changpeng Zhao is 46 years old (birth date September 10, 1977).
Changpeng Zhao was born in Jiangsu, China.
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