Binance Coin Net Worth
Binance, a cryptocurrency exchange, is currently the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. Founded in 2017, registered in the Cayman Islands, Binance by Changpeng Zhao (“CZ”) and Yi He has become one of the top cryptocurrencies. According to the 2023 estimates, Binance Coin Net Worth is $2 trillion in total trading volume, and Binance Coin (BNB) is now the third-biggest cryptocurrency by market cap. Binance owner worth suggests that Changpeng Zhao is one of the most influential people in the cryptocurrency space, and the Changpeng Zhao net worth is $2 billion. Forbes estimates suggest that CZ holds a 30% stake in Binance, with a net worth of $1.9 billion.
| Binance Coin Net Worth | $2 trillion in total trading volume |
| Binance Coin owner | Changpeng Zhao(CEO) |
| Binance owner worth/ Changpeng Zhao net worth | $2 billion |
| Headquarters | Cayman Islands; Mahé, Seychelles |
| Area served | Global, except for the United States |
| Products | Cryptocurrency exchange, cryptocurrencies |
| Website | www.binance.com |
Binance Coin income
BNB Price Statistics suggest that Binance Coin Price is $575.17. Trading Volume 24h value is $2,179,010,546.20 2.21%. Volume / Market Cap value is 0.02271. Market Dominance is 4.26%. Market Rank is #3.
A detailed insight
Binance, founded by Changpeng Zhao, a developer who had previously created high-frequency trading software, was initially based in China. Later, he moved its headquarters out of China following the government’s increasing regulation of cryptocurrency.
Binance, currently under investigation by both the United States Department of Justice and the Internal Revenue Service regarding the allegations of money laundering and tax offences, is still proving to be one of the most recognized cryptocurrencies. The UK’s Financial Conduct Authority ordered Binance for hindering all regulated activity in the United Kingdom in June 2021.
Binance CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai. That was the time when the company built high-frequency trading systems for stockbrokers. 2013 updates suggest that he joined Blockchain.info. Changpeng Zhao worked at OKCoin as CTO for a platform for spot trading between fiat and digital assets.
March 2018, updates mention that Binance announced its intentions to open an office in Malta. April 2018 updates mention Binance signed a Memorandum of Understanding (MoU) with the Government of Bermuda. Later, it signed a similar memorandum with the Malta Stock Exchange to develop a platform for trading security tokens.
2019 updates mention that the company announced Binance Jersey, an independent entity from parent Binance.com exchange. The reason was to get access to European influence. Jersey-based exchange Binance Jersey offers fiat-to-crypto currency pairs, including the Euro and the British pound. The increased fame has listed Binance Coin Net Worth in the category of top company’s net worth.
August 2018 updates mention that Binance, along with three other big exchanges, raised $32 million for a stablecoin project. S table coins provide a cryptocurrency without the notorious volatility of Bitcoin and other popular digital assets.
January 2019 updates suggest that Binance announced partnering with Israel-based payment processor Simplex to enable cryptocurrency purchases with debit and credit cards.
7 May 2019 updates mention that Binance revealed being the victim of a “large scale security breach” in which hackers had stolen 7,000 Bitcoin worth around the U.S.$40 million. Binance CEO Changpeng Zhao also strictly stated that hackers use a variety of techniques, including phishing, viruses and other attacks. The same thing happened with Binance and halted further withdrawals and deposits while allowing trading to continue.
September 2019 updates mention that the exchange began offering perpetual futures contracts. November 2019 updates mention that Binance acquired Indian bitcoin exchange WazirX. 21 February 2020 updates state that the Malta Financial Services Authority (MFSA) issued a public statement responding to media reports. They referred to Binance as a ‘Malta-based’ cryptocurrency company. 28 October 2020 updates suggest that Forbes staff released leaked documents alleging that Binance and Changpeng Zhao.
Binance blocks access from IP addresses in the United States.
Early life and Career
Changpeng Zhao, abbreviated as CZ, is the founder and CEO of Binance. The Chinese-Canadian coder cut his teeth with the idea for building the high-frequency trading systems for Wall Street’s flash boys.
2020 updates stated that Binance reached $2 trillion in total trading volume. By now, Binance Coin (BNB) is now the third-biggest cryptocurrency as per the estimates of market cap. The immense popularity and Changpeng Zhao net worth have listed him in the category of top celebrity’s net worth.
Zhao, born on September 10th, 1977, in Jiangsu province, China, later moved with his family to Canada. When he was 12, he settled in Vancouver, British Columbia. His parents were teachers, and his father worked as a university instructor. Zhao helped his family by working a number of service jobs, including at a McDonald’s.
Changpeng Zhao education updates suggest that Zhao attended McGill University in Montreal, Quebec, with major in computer science. After graduating from university, Zhao received an internship in Tokyo, developing software for matching trade orders. Also, he worked at Bloomberg Tradebook as a developer of futures trading software.
In 2005, Binance owner Changpeng Zhao moved to Shanghai, where he founded Fusion Systems. 2013 estimates suggest that he worked for various cryptocurrency projects, including Blockchain.info and served as chief technology officer of OKCoin.
2017 updates mention that Zhao left OKCoin to launch a cryptocurrency exchange named Binance. The company launched in July 2017, raised $15 million in an initial coin offering. In eight months, Zhao grew Binance into the world’s largest cryptocurrency exchange.
Zhao launched the blockchain network Binance Smart Chain with a significant contribution to the development of the decentralized finance industry.
FAQs
Binance Owner Net Worth or Changpeng Zhao net worth is $2 billion.
Binance Coin Future and Binance Coin Price Prediction 2023 suggests that Binance coin can reach $1000 by the end of the next year. The predicted high price is $1010, and the low is around $870.
Binance Coin Price Prediction 2040 suggests that Price Predicted is $5500.
You can join the Binance Crypto Mining community for crypto staking products to earn rewards with cryptocurrency.
Yes, you can.
BNB (Binance coin) is not a proof-of-work coin and doesn’t get mined.
Binance Coin Owner is Changpeng Zhao(CEO).
BNB Price Statistics suggest that Binance Coin Price is $575.17. Trading Volume 24h value is $2,179,010,546.20 2.21%. Volume / Market Cap value is 0.02271. Market Dominance is 4.26%. Market Rank is #3.
Final words
Binance Coin Net Worth has been continually increasing, and plenty of people around the globe are joining the network to increase its value. Stay tuned for receiving further updates regarding the similar other cryptocurrencies that have earned immense recognition lately.
