Changpeng Zhao, CEO of leading cryptocurrency exchange Binance, claims to have not cashed in on any of his cryptocurrency holdings since launching the platform. Zhao made his comments in a post to Chinese social media platform Weibo.
He said (roughly translated):
Looking at the wallet... I haven’t cashed in since Binance. Binance is still a baby and continues to grow.
Zhao was replying to the most recent iteration of the Hurun Rich List, which catalogs the world’s wealthiest citizens. According to the report, Zhao has overtaken Bitmain co-founder Micree Ketuan Zhan to become the world’s wealthiest person involved in blockchain and cryptocurrency, with an estimated net worth of $2.6 billion.
Zhao posted a tweet poking fun at the report, while reiterating his commitment to continuing to grow Binance.
Valuation is a fascinating concept, like credit. Just checked my wallet, don't have the $2.6b, missing a few 0s, lol.— CZ Binance 🔶🔶🔶 (@cz_binance) February 27, 2020
But even 1% is cool for me. Money is not a driver after a point, but it tends to go to people who #BUIDL.https://t.co/yldJOkFNbp
In addition to Zhao and Ketuan, OKCoin founder Xu Mingxing, Ripple’s Chris Larsen, Huobi founder Leon Li, and Coinbase CEO Brian Armstrong rounded out the top six wealthiest crypto moguls with net worth’s over $1 billion.
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