Market

CZ becomes the richest man in China with total assets of up to US $ 90 billion

The CEO of the Binance exchange, Changpeng Zhao (CZ), has risen to become the richest man in China with total assets of up to $ 90 billion.

Binance is valued at USD 300 billion, CZ becomes the richest man in China

The history of the cryptocurrency platform Binance and the founder of CZ is gradually covering the world. Binance is only 4 years old and has quickly grown to become the largest cryptocurrency exchange in the world, with 3,000 employees on every continent and a daily trading volume of $ 76 billion, which is more than 4 years old.

The source: Weibo

According to some confidential sources from insiders, the valuation of Binance will reach USD 300 billion at the current trade size.

CZ controls the majority of Binance’s equity. Forbes data shows the founder owns 30% of the platform’s shares. According to this calculation, CZ’s total wealth is now $ 90 billion, which means that he is the richest man in China and one of the top 10 richest people in the world. Even CZ’s fortune is 35% higher than that of Zhong Suisui, who (once) was the richest man in China.

Changpeng Zhao is a Chinese-Canadian who is a huge influence in the crypto space. Born in 1977, he lived in Jiangsu as a child, then moved with his family to Vancouver, Canada and currently lives in Singapore. Currently, Binance’s monthly spot trading volume has exceeded 15 consecutive months, and the rapid increase in trade size has made CZ a huge fortune.

Sign up for a Binance account here (10% discount on spot, margin and futures trading fees): https://accounts.binance.com/en/register?ref=29171587

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.