The road has been full of success for Binance founder and CEO Changpeng Zhao, he is bright and saw the opportunity with cryptocurrency. He became a Billionaire and is worth $1.2 Billion according to Forbes. Age of Zhao is 43 years old and a Chinese Citizen.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 150 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in term of trading volume.
Zhao is on the left side in photo
The company was originally based in China but moved to Japan after cryptocurrency banned took place. As of January 2018 it was largest crypto exchange with a BNB market capitalization of $1.3 Billion.
In August 2018, Binance along with three other exchanges raised $32 million for a Stablecoin project. The idea of Stablecoins is to provide a cryptocurrency without the notorious volatility of Bitcoin and other poppular digital assets.
In January 2019, Binance announced that it had partnered with Israel based payment processor Simplex to enble cryptocurrency purchases with debit and credit cards, including Visa and MasterCard. The purchases are subject to Simplex's local bank policies and are limited to Bitcoin, Litecoin, Ethereum, and Ripple's XRP.
Binance has a strong community on twitter, 931K followers and growing daily, they are building an army of support and people seem to trust the platforms security from hackers. Binance grew so fast and large, almost like over night is what it feels.
Binance renamed the ETH Trading Market to ALTS Trading Market and added TRX/XRP and XZC/XRP trading pairs with XRP as the quote asset. They also added six new trading pairs on the Stablecoin USD market.
Exciting to see where the power house company is going to do in the future but we will just have to wait and see with this growing industry of crypto and blockchain technology. A lot of people are routing for Binance and want the company to further their ambitions. The CEO Zhao sounds like a great leader for Binance and has vision to see more people getting involved with cryptocurrencies.
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