bitcoinBTC/USD
$ 20,319.00
ethereumETH/USD
$ 1,154.69
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.468112
xrpXRP/USD
$ 0.329761
usd-coinUSDC/USD
$ 1.00

CEO of Binance is on Top of The World’s Crypto Capital with a Net Worth of $96 Billion

CEO of Binance is on Top of The World’s Crypto Capital with a Net Worth of $96 Billion

The Chief Executive Officer of Binance, Changpeng Zhao, is one of the richest persons around the globe, with a net worth of $96 billion. 

With his fortune of a huge value of $96 billion, Zhao has exceeded some other enormous tech companies’ founders. According to Bloomberg, these founders include Mark Zuckerberg of Facebook, the founders of Google, Larry Page and Sergey Brin, and the richest man of Asia, Mukesh Ambani.

The current public fortune of CZ does not include some of his encrypted assets. This personal worth consists of bitcoin and the native token of his company. In addition to his company expansion, the statistics show that the exchange’s size increased 130 times in just one year.

As one of the greatest cryptocurrency exchange platforms, Binance brought in $20 billion in revenue. In comparison to Coinbase, this is three times the annual income. For public information, Coinbase Global Inc. is a publicly-traded virtual currency trading corporation based in the United States.

Binance’s Growth in a Global Scale

An announcement that Binance made, pointed out the growth stage of the crypto space. Furthermore, it stated the volatility that the crypto market is experiencing each day. As a result of this, the numbers will differ each day. 

The growth of Binance is one of the main goals for this platform; so, a new operation place of this exchange is going to take place soon in the United Arab Emirates. In light of this, the CEO of Binance has already met with the royals in Abu Dhabi, and it seems like a partnership is on its way. 

On the other hand, Binance has faced some administrative issues over time. The suppression of cryptocurrencies in China has affected Binance to not settle its headquarters in Hong Kong. As a result of this, Binance is considering France as a possible location for its central operations headquarters.

Similarly, consumers in the United Kingdom, Japan, and Germany have also issued warnings about Binance. On the 30th of December, 2021, regarding these regulatory issues, Binance was penalized by the Ontario Securities Commission (OSC) of Canada. 

This penalization relates to not having secured the appropriate operating criteria for the province of Ontario. At the same time, users of its trading platform were encouraged to further continue doing business in the country.

Also read:

SHIB Activated on Lending Protocol Euler, Enabling Holders to Gain Interest

Bitcoin (BTC) Price Prediction January 2022: Bitcoin Facing Crucial Support

Kosovo Crackdown on Miners Continues: Over 300 Crypto Mining Machines Seized

Solana Blockchain Encountered a Degradation of Network Performance Twice This Week

After a Backlash, the Mozilla Foundation Reconsiders Accepting Cryptos

Also read:

Related News

In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government.

Crypto Policy Symposium 2022: The First Anti-Crypto Conference

In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government. Critics of the industry and doubters have joined together to host their own anti-crypto conference where they can express their doubts and connect with legislators in the midst of the most recent crypto bear market. The Crypto Policy Symposium promises to provide skeptics a platform

Read More »
One of the co-founders of OpenSea, the largest Non-Fungible Token (NFT) market in the Web 3.0 ecosystem, Alex Atallah, has stated that by the end of July, he will step down as active manager while remaining on the board.

Co-Founder Of OpenSea Announces He Is Stepping Down As Active Manager

One of the co-founders of OpenSea, the largest Non-Fungible Token (NFT) market in the Web 3.0 ecosystem, Alex Atallah, has stated that by the end of July, he will step down as active manager while remaining on the board. Atallah, who co-founded OpenSea with CEO Devin Finzer in 2017, has played a significant role in the growth of the business. His responsibilities have included community and marketing and product development, among other

Read More »
Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »

My Coins

bitcoinBitcoin
$ 20,319.005.26%
ethereumEthereum
$ 1,154.697.54%
cardanoCardano
$ 0.4681122.56%
tetherTether
$ 1.000.04%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org