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. Zhao was previously a member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin.
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. Zhao attended McGill University in Montreal, Canada where he majored in computer science.
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. In 2013 Zhao moved to London where he worked for Blockchain.info as Head of Technology. 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.
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. In February 2018, Forbes Magazine placed him third on their list of "The Richest People In Cryptocurrency". As of October 2018, Binance is the world's biggest cryptocurrency exchange.