👾 #CZ his beginning in #Binance .✨
#ChangpengZhao , known as CZ, founded Binance in 2017, after a career in technology and finance that prepared him to lead the crypto revolution. Before Binance, CZ worked at Bloomberg Tradebook, developing trading software, and then at Blockchain.info as CTO, where he delved into cryptocurrencies. In 2015, he joined OKCoin as CTO, but differences with management led him to resign in 2016. Inspired by the potential of Bitcoin and blockchains, CZ decided to create an exchange platform that prioritized speed, security, and accessibility. 🚀
In July 2017, after moving to Shanghai, CZ launched Binance with a small team, initially funded by a coin offering (ICO) that raised $15 million in less than 20 minutes through the issuance of the BNB token. The platform was designed to overcome the limitations of other exchanges, such as slowness and liquidity issues, offering an intuitive interface and support for multiple cryptocurrencies.
In just six months, Binance became the largest exchange in the world by trading volume, thanks to its focus on user experience and strategies such as low fees and the use of BNB for discounts. However, regulatory crackdowns in China forced CZ to relocate the headquarters to Japan and then to Malta in 2018, consolidating Binance as a global player. His vision and rapid execution were key to this meteoric rise.🚀
