Changpeng Zhao revealed that he owns bitcoins, which were purchased in 2014, and Binance Coin tokens. Forbes estimates his fortune at $ 1.9 billion
Binance CEO Changpeng Zhao said in an interview with The Associated Press that he is ready to donate 99% of his fortune, since he considers himself financially independent. According to Forbes , Zhao owns assets worth $ 1.9 billion. The head of the world's largest crypto exchange by trading volume explained that he bought bitcoins in 2014 and still holds most of them. Zhao also owns Binance Coin tokens.
Zhao is the largest shareholder in Binance, which according to the Wall Street Journal could be valued at $ 300 billion in the event of an initial public offering (IPO). In September, Zhao claimed that the exchange's US subsidiary (Binance.US) would conduct an IPO within three years.
On November 16, the head of Binance gave an interview to Bloomberg , in which he said that the crypto exchange lost about 3% of users after the introduction of mandatory verification of identity (KYC). Since August 20, the crypto exchange will not admit to trading clients who have not passed identity verification.