Binance was founded in 2017 by Changpeng Zhao, also known as CZ. He was the main creator and leader of the platform until his resignation as CEO in November 2023.
Key details about Changpeng Zhao and the creation of Binance
- 🧠 Changpeng Zhao (CZ) is a developer with experience in high-frequency trading software. Before Binance, he worked at companies like Bloomberg and developed systems for financial exchanges.
- 🚀 Foundation of Binance: In 2017, CZ launched Binance with an initial fundraising of 15 million dollars through an initial coin offering (ICO). In a short time, Binance became the cryptocurrency exchange with the highest trading volume globally.
- 🌍 Global expansion: Although Binance started in China, it quickly moved to Japan and then to Malta due to local regulations. Currently, it does not have a fixed official headquarters.
