Changpeng Zhao is the founder of the popular crypto exchange Binance. Changpeng Zhao, also known by the abbreviated name CZ, is also a Chinese-Canadian businessperson. Especially after the collapse of the rival stock market FTX, Zao, who became more popular and became more popular, is among the richest people in the world.
Changpeng Zao Life
Changpeng Zhao, commonly known as “CZ”, is a Chinese-Canadian businessperson. Changpeng Zhao is the CEO and founder of Binance. In addition, Zhao is considered a pioneering entrepreneur in the cryptocurrency industry and has previously worked for crypto companies such as OKCoin and Blockchain.info.
Binance CEO CZ was born in 1977 in Jiangsu, China. He received his primary education in China before moving to Canada with his family as a teenager.
He attended high school in Canada and later earned a computer science degree from McGill University in Montreal. After graduating, she started working in the tech industry, initially as a software developer, eventually moving into leadership roles and entrepreneurship.
The 1980s in China were a turbulent time for Zhao and his family. In a blog post, Changpeng Zhao described how he fled China at the age of 12 after the Tiananmen Square massacre:
“On August 6, 1989, my mother and I left China and immigrated to Canada, thousands of miles away. I remember the queue in front of the Canadian Embassy was 3 days, we had to take shifts at night to maintain our next position.”
“All Our Customers Have Gone Bankrupt”
Changpeng Zhao expressed the unknown and curious about his life with the following words:
“I spent the best years of my youth in Vancouver and then went to McGill in Montreal for college. After that, I worked for several years in Tokyo and New York (Bloomberg). In 2005, the web technology industry began to boom in China, so I went to Shanghai with five other immigrants to start an IT company; two Americans, two British, one Japanese and I a Canadian. Since none of us are Chinese nationals, the company has been designated a “Wholly-Owned Foreign Entity” (WOFE).
Between 2005 and 2015, I tried to build a few different startup projects before finally getting into the crypto space. Before I realized my passion, I was a serial entrepreneur who wanted to start a successful start-up. Two years before Binance, I started a company called Bijie Tech, which provides trading platforms as a service to other exchanges. We have 30 customers and things were good. Mostly for art exchange and stamps, baseball cards etc. Unfortunately, in March 2017, the Chinese government closed all such exchanges.
All of our customers went bankrupt. Later, the idea of Binance would begin to take shape. It was a simple idea that a more streamlined crypto exchange could provide a smoother user experience without sacrificing useful features.”
Is CZ Married?
Changpeng Zhao, who attracted attention as he became one of the richest people in the world in early 2022, is not yet married. Zhao announced on November 6 that they decided to sell FTX’s FTT tokens as a result of their “final evaluation”.
With this statement, FTT lost nearly 40 percent in value on crypto money exchanges and fell to $ 15. “To protect users, we signed a non-binding letter of intent to fully acquire FTX.com and help fix the liquidity issue,” Zhao said in the ongoing process, surprisingly. made a statement. However, shortly after, Binance stopped buying FTX. FTX filed for bankruptcy shortly after.
What Does CZ Mean, Abbreviation for What?
It is seen that the expression CZ is used when Zhao is mentioned, especially in Binance and Bitcoin news. In fact, users who actively trade in the crypto ecosystem and follow this agenda use the abbreviation CZ instead of Changpeng Zhao. For those unfamiliar with the ecosystem, the use of CZ may seem odd and what does CZ stand for? Questions like these are asked.
CZ stands for Changpeng Zhao’s first and last name. While this usage provides practicality for users and crypto media, it also offers ease of pronunciation in oral communication.
