Changpeng Zhao, also known as CZ, launched Binance in July 2017 and has since grown it into the world’s largest cryptocurrency exchange for retail investors. It’s a long way from when he was flipping burgers while studying at McGill University in Montreal. In addition to leading Binance, CZ has also become a social media personality in his own right, with his trademark “funds are safu” having been launched into the crypto-meme hall of fame.
Doesn’t expect Binance to lose its place as the top-rated crypto exchange anytime soon, but how CZ chooses to hold onto this lead is open to speculation. Despite closing its Ugandan subsidiary in November 2020, Binance could continue to expand into Africa — CZ referred to the continent as an “untapped market” for crypto.
The exchange will most likely face a changing regulatory landscape in 2022, both at its headquarters in Malta and even in established markets, with the potential rise of game-changing technologies in the crypto space. CZ has floated the idea of Binance purchasing its own bank and said he believes staking coins for liquidity through DeFi will likely last the test of time
