There is a new billionaire coming for the throne.
The images were provided by the company.
Changpeng "CZ" Zhao, the founder of the largest daily trading volume of criptoms, has joined the ranks of the world's top billionaires after his net worth hit an impressive $96 billion.
According to Forbes, the total trading volume of the company was $2 trillion in 2020.
Larry Ellison, the founder of Oracle, and Steve Ballmer, the owner of the Los Angeles Clippers, have net worths of $109 billion and $112 billion, respectively.
It doesn't have to be a journey for compliance.
The true net worth of Zhao could be much larger than anticipated as earnings on his investments and holdings are not being taken into account.
The country of China has banned the company due to regulations against trading and mining in cryptocurrencies.
The company said in a statement that cryptocurrencies are still in their growth stage. It is vulnerable to higher levels of volatility. The number you hear the next day will be different than the number you hear the day before.
The top 5 staking token are predicted to Dominate.
The ever-changing landscape of digital currencies, especially with the newfound fascination and buying/selling of NFTs thrown into the mix, makes hammering down a solid, completely accurate number and estimation of valuation nearly impossible.
I don't see anyone as competition. In an interview with The New York Times, Zhao said that if he had that mindset, everyone would be the enemy to him. I have an abundance mentality. Most things in this world are not limited. Money isn't. Business opportunities are not available. The industry of the cripto industry is not.
It is estimated that the exchange platform processes around $170 billion in trades a day.
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Emily Rella is a news writer. She was an editor at the time, covering entertainment, pop culture, lifestyle and business. She is a graduate of Boston College.
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