Changpeng Zhao

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The native form of this personal name is Zhao Changpeng. This article uses Western name order when mentioning individuals.

Changpeng Zhao is is a Chinese-Canadian business executive, who is the founder and CEO of Binance​, the world's largest cryptocurrency exchange​ by trading volume​, as of October 2018.[9][8] Zhao was previously a member of the team that developed Blockchain.info​ and also served as chief technology officer​ of OKCoin.[7]

Early life and education

Zhao was born in Jiangsu​, China​ where his parents were both teachers. His family emigrated to Vancouver​, Canada​ in the late 1980s. His father was a professor in China before he was branded "pro-bourgeois intellect" and exiled from his country. In his teenage years, Zhao helped support his family by working a number of service industry jobs which included being a McDonald's​ employee.[7]​ Zhao attended McGill University​ in Montreal, Canada where he majored in computer science​.[4]​ 

Career

After graduation, Zhao moved to Tokyo​ to develop software for matching trade orders on the Tokyo Stock Exchange​.​ From 2001 to 2005 he worked in New York​ for Bloomberg Tradebook​ as a developer of futures trading after which he moved to Shanghai​ and co-founded a company called Fusion Systems building high-frequency trading​ systems for brokers.[4]​ In 2013 Zhao moved to London​ where he worked for Blockchain.info as Head of Technology.[4]​ He left Blockchain to join OKCoin in June 2014 for eight months, after which he founded BijieTech, a company that provides cloud-based exchange systems to operators in Shanghai​.[4]

 

In July 2017, Zhao left BijiTech and founded Binance. He launched the company 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.[9][8] In February 2018, Forbes Magazine placed him third on their list of "The Richest People In Cryptocurrency".[7]​ As of October 2018, Binance is the world's biggest cryptocurrency exchange​.[5]


As of September 2018, Zhao's net worth​ is estimated at $1.4 billion.[6]

Image
Changpeng Zhao on the cover of Forbes Magazine

See also

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