If you’re interested in the world of cryptocurrency, you’ve likely heard of Binance.
As the largest cryptocurrency exchange in the world by trading volume, Binance has become a major player in the industry since its founding in 2017 but who owns Binance?
The founder and CEO of Binance is Changpeng Zhao, commonly known as CZ.
Zhao is a Chinese-Canadian businessman, investor, and software engineer who has been instrumental in the growth of Binance.
According to Forbes, Zhao has a net worth of over $10 billion as of July 2023, making him one of the wealthiest people in the world.
While Zhao is the face of Binance, the company is owned by a complex network of entities and individuals.
Binance Holdings Limited is registered in the Cayman Islands, but the company has offices and operations around the world.
Despite its global reach, Binance has faced regulatory challenges in some countries, leading to questions about the ownership and transparency of the company.
Who Owns Binance?
Binance is owned by a company named Binance Holdings Ltd.
It is a global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies.
The company was founded in 2017 by Changpeng Zhao, commonly known as CZ, who is the current CEO of Binance.
As the founder and CEO of Binance, CZ is a Chinese-born Canadian businessman, investor, and software engineer.
He cut his teeth building high-frequency trading software before moving into the world of cryptocurrency.
CZ is a billionaire, valued at $1.9 billion, and ranked number 5 on Forbes’ Crypto Rich List.
While Binance is owned by Binance Holdings Ltd., CZ is the driving force behind the company.
He has been instrumental in the success of Binance, which has grown to become the largest cryptocurrency exchange in the world.
CZ has a hands-on approach to running the company and is known for his friendly and approachable demeanor.
In recent years, Binance has faced some challenges, including regulatory scrutiny in certain countries.
However, CZ has been quick to address these challenges and has worked to ensure that Binance remains compliant with all relevant regulations.
Despite these challenges, Binance continues to be a major player in the world of cryptocurrency, and CZ remains one of the most influential figures in the industry.