based on materials from the site - By U_Today
Changpeng Zhao, the former CEO of the cryptocurrency exchange Binance, stated that he does not trade much, despite being at the helm of this trading giant for many years.
"I don't really trade much. I spend cryptocurrency, and when I need to spend fiat, I convert what I need to spend. The rest is in cryptocurrency," he said in a recent post on the social media platform X.
Previously, CZ reported that he personally owns cryptocurrencies such as Binance Coin (BNB), which make up the vast majority of his assets, as well as bitcoins and some stablecoins.
It is believed that CZ controls about 64% of the total supply of the BNB token, which is currently the fifth largest cryptocurrency by market capitalization, according to CoinGecko data.
Earlier, the former owner of Binance advised his followers to diversify their investments, even though they were fully invested in BNB.
According to Forbes, CZ's current net worth is estimated at $65.1 billion.
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