The Binance platform is one of the prominent names in the crypto market. It did not reach this position for nothing, as it struggled in its beginning to reach what it is now, as the largest digital currency trading platform in terms of trading volume in the world. Indeed, the services and benefits it offers have become standards in the crypto market. Changpeng Zhao, founder of Binance, enters the cryptocurrency market: Of course, when talking about the beginnings of Binance, we mention its founder, Changpeng Zhao, known in the crypto arena as “CZ.” The Chinese “CZ” is the one who promoted the birth of the Binance platform for trading encrypted digital currencies, and led its team to have the greatest success in the history of the crypto market. Before Binance's success, Changpeng Zhao was not always successful in the business world. Before graduating in computing from McGill University in Canada, he worked several part-time jobs, including a stint at McDonald's. CZ then focused on programming, and after a short time he became a programmer for trading software at the Tokyo Stock Exchange. In the year 2013, “CZ” learned about Bitcoin and began investing in it heavily. He sold his apartment to obtain more money to invest in Bitcoin at that time. The beginning of Binance: Changpeng Zhao’s success story did not begin until 2017, four years after he entered the crypto world. In 2017, Zhao decided to enter the cryptocurrency market by establishing his own cryptocurrency exchange company, as he had previously worked in some of them and saw how they worked. In 2017, the year that coincided with the initial coin offering (ICO) fever, which opened the doors to rapid financing for dozens of digital currency projects around the world. Some of them have been real success stories, while most have failed soon after raising money. Binance is one of the companies that benefited from ICO offers, as the platform was able to raise $15 million through the ICO offer, after which “CZ” was able to launch the Binance platform for trading digital currencies. But the road was not strewn with roses, on the contrary, it was full of obstacles and challenges. The first obstacle that “CZ” faced was the collapse of the price of the BNB currency below the subscription price. The Chinese government also announced a ban on trading platforms on its territory, which forced Binance to return the funds obtained to investors. Binance Resilience: In the midst of adversity, the Binance team never lost its courage and tenacity. On the contrary, with CZ at the helm, Binance decided that the best way to confront the current situation was to become more decentralized. In this way, Binance began increasing and moving its employees out of China. This made its employees distributed across different regions of the world, and implemented what “CZ” seeks of decentralizing work. Thanks to the speed of action and the selection of appropriate steps and decisions, in just 6 months, Binance has become the first digital currency trading platform in the world. It is a position that Binance has not abandoned since then. “CZ” also strengthened Binance’s strength over time and maintained his position as the leader of Binance until the writing of this article.

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