However, you are probably searching for low cap altcoins, supposedly the ones that have a higher potential (Disclaimer: This is not financial advice, it is indeed the riskiest possible financial move, so beware and take care of your capital). If you want to go ahead and buy Bitcoin, Ethereum, Cardano, or even Binance Coin, it's easy.
It allows users to pay and receive crypto payments from friends and family worldwide, and it is available to all Binance users.Īlso, they have launched Binance Smart Chain, one more step towards achieving their decentralization goal. Of course, the cryptocurrency exchange stands out among them and the wallet services for its users, crypto laboratories (to launch new tokens), charity, information, and education, among many others.īinance recently announced Binance Pay, a contactless, borderless and secure cryptocurrency payment technology. In this regard, this ecosystem consists of numerous variants.
Binance ceo theinformation how to#
This Chinese-Canadian programmer, seasoned in developing high-frequency trading systems for Wall Street flash boys, knew how to redirect his experience in this field and apply it to the emerging crypto environment.īeyond being the largest cryptocurrency exchange by volume, Binance offers multiple products and services its core objective is to build a broad ecosystem in the blockchain sector. I do intend to give away 90%, 95%, or 99% of my wealth.Binance operates the world's leading cryptocurrency exchange in daily volume and transactions (1.4 million per second).Ĭhangpeng Zhao, better known as CZ, is the founder and CEO of Binance, the cryptocurrency exchange that managed to become the largest on the planet in just under 180 days. “I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller until today. I don’t need a lot of money, and I can maintain my lifestyle in this way,” he told the Associated Press in November. Last November, China’s Caijing Magazine pegged Zhao’s net worth above $90 billion, without describing how exactly it arrived at the figure.įor his part, Zhao says he will donate the vast majority of his fortune to charity. But amid a cryptocurrency trading boom this year, new estimates place Zhao’s fortune far higher.
The following month, Forbes, which put Zhao’s stake in Binance at 30%, estimated Zhao’s net worth at $1.9 billion. Last March, the Hurun Report, which tracks the personal fortunes of the world’s wealthiest individuals, estimated that Zhao was worth $8 billion. The private crypto exchange, which does not disclose its financial results, processes as much as $170 billion of crypto trades a day, multiples more than any other competitor.Īll the unknowns behind Zhao’s wealth is likely why estimates of how much he ‘s worth have varied so widely. Likewise, little is known about the finances of Binance, the world’s largest crypto exchange by a wide margin. Zhao has not publicly commented on the size of his personal crypto holdings, but he told the Associated Press last November that his personal holdings make up the “majority” of his net worth. Factoring in Zhao’s personal crypto holdings would likely give him a fortune on par with that of Bill Gates, the world’s fourth richest person with a $135 billion net worth, and Zuckerberg, the world’s fifth richest with $124 billion. Zhao’s net worth may be even higher than $96 billion since Bloomberg did not account for Zhao’s personal holdings of Bitcoin and Binance Coin, the cryptocurrency issued by Binance. 10, Larry Ellison, cofounder of Oracle, who’s worth an estimated $107 billion.īloomberg says its estimate is based on Zhao’s stake in Binance, reporting that the exchange generated upwards of $20 billion in revenue in 2021 and that Zhao owns 90% of Binance’s shares, according to a review of the firm’s regulatory filings. 12, Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, and No. On the Bloomberg Billionaires Index, Zhao, known as “CZ” in crypto circles, is now sandwiched between No. On Monday, Bloomberg calculated that Zhao’s net worth is $96 billion, which would make him the 11 th richest person in the world.
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