, CEO of FTX
, another cryptocurrency exchange that is backed by Binance
, pointed Tuesday to an
“unprecedented amount of wealth creation that has occurred in the industry over the last few years.
“I think that there’s a lot of people who are trying to figure out what to do with
[daardie],” Friedman, who himself is a young billionaire
, said during a virtual onstage discussion at the Asian Financial Forum in Hong Kong
In 'n Post
op Twitter Maandag, Zhao also appeared to acknowledge the distinction
“Don’t worry about rankings. Focus on how many people you can help,” hy het geskryf.
Zhao launched Binance in 2017, gradually building it into one of the world’s largest crypto exchanges.
According to a company blogpos
, the executive grew up in an immigrant family in Canada and previously worked at McDonald’s to help support his household
After studying computer science at McGill University, he worked on trading software for the Tokyo Stock Exchange and Bloomberg.
“He then learned about bitcoin in 2013 during a game of poker, after which he decided to go all-in on crypto by dedicating his life to it,” according to Binance. “He even sold his apartment to buy bitcoin.”
Like other exchanges
, Binance has faced significant regulatory hurdles around the world in recent months
, insluitend a ban in the United Kingdom and other restrictions in countries including Canada
Zhao has publicly addressed the setbacks
, writing in an ope brief last year that
“clear regulations are critical for continued growth.
“More regulations are, in werklikheid, positive signs that an industry is maturing,” hy het bygevoeg. “Because this sets the foundation for a broader population to feel safe to participate in crypto.”