Cryptocurrency exchange Binance is the world’s largest Crypto exchange by volume and has attracted millions of users, yet just over a year ago, Binance did not exist.
In its July 2017 initial coin offering, a Binance token BNB has soared from about 10 cents to $14.77, giving it a market capitalization of over $1.5 billion.
Have a look at the stats here: – https://coinmarketcap.com/currencies/binance-coin/
Why and How did Binance grow so fast?
Most market participants agree that Binance has a quality platform and business practices and furthermore Binance is highly profitable. Their core business is simple to understand — to be the most robust, safe, service-oriented, crypto-currency exchange, helping investors and traders buy/sell, while taking a commission.
Timing is also a major factor as the success of Binance is tied inextricably to the hyper growth of cryptocurrencies.
None of this would be possible however withbut its founder and CEO Zhao Changpeng (“CZ”).
CZ was born in Jiangsu, China. Both of his parents were educators; his father, and the family emigrated to Vancouver, Canada, in the late 1980s.
CZ worked at MCDonald’s as a teenager as well as working overnight shifts at a local gas station.
Zhao studied computer science at Montreal’s McGill University and worked at Bloomberg’s Tradebook where he developed software for futures trading.
In 2005 he quit and moved to Shanghai to start his Fusion Systems, a company known for building some of the fastest high-frequency trading systems for brokers.
Full story: – Binance Cryptocurrency Exchange
CZ is the driving force behind the Binance phenomena and also the major holder of BNB coins.
So watch this space…
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