As the founder of the world's largest cryptocurrency exchange, the daily transaction fees are enough for the exchange to earn!
As we all know, exchanges charge fees in both directions, both for buying and selling. If we calculate the transaction fee at 0.2%, if a Bitcoin is traded 250 times on an exchange, the coin will belong to the exchange.
In 2021, Zhao Changpeng became the richest Chinese.
However, with the arrival of the bear market, everyone had a hard time, and Zhao Changpeng's assets also shrunk significantly.
Recently, Bloomberg has been stirring up trouble again. It reported that Zhao Changpeng's wealth has shrunk. What is the specific situation?
2022 Bloomberg Billionaires Report Card
According to Bloomberg, Binance’s trading volume has been declining this year.
The Bloomberg Billionaires Index lowered its revenue forecast for Binance by 38%, causing Binance founder Changpeng Zhao’s personal wealth to shrink by RMB 87.07 billion to RMB 125.849 billion.
Zhao Changpeng's net worth reached a peak of RMB 702.413 billion in January 2020. Compared with that time, Zhao Changpeng's personal wealth has shrunk by 82%.
According to Zhao Changpeng’s previous statement, he only holds two cryptocurrencies: Bitcoin and BNB.
How did Bloomberg calculate that Zhao Changpeng’s wealth shrank by 82%?
He may have included the shrinking market value of the entire exchange in Zhao Changpeng's wealth. Of course, there is nothing wrong with this calculation.
But through this news, we can speculate a question. If Zhao Changpeng's wealth shrinks, which coin will he hold the most? Is it Bitcoin or Binance Coin?
Let's look at a piece of data. From the starting date of his calculation, Zhao Changpeng's net worth was the highest at 702.413 billion yuan in January 2022.
From January 2022 to now, the price of Bitcoin is 34,000 US dollars, which has dropped by about 50%.
Binance Coin has fallen by 66% from January 2022 to now, and no matter how you calculate it, you can't get this 82%.
Judging from this data, Mr. Zhao may hold more BNB.
But we have a question. If we only count the assets in Zhao Changpeng’s personal wallet, I think Bitcoin still has more than Binance. What do you think? You can discuss it in the comment section.
