The state of the BINANCE Chang Pence Cezhao is $ 96 billion, which makes it the richest man in the world cryptocurrency, writes Bloomberg.
Indian business tycoon Mukesh Ambani (92.9 billion dollars) is named second on this indicator. The publication assumes that the state of Zhao can be even greater, since he has personal cryptoacivals.
Head of Binance acquired the most popular digital currency in 2014, most of the bitcoins he keeps so far. Also, the entrepreneur owns the Binance Coin tokens, which last year rose by about 1300 percent. According to Bloomberg estimates, in 2021, Binance received at least 20 billion dollars of income. At the same time, Bitcoin fell more than eight percent since the beginning of the year, up to 42.4 thousand dollars.
On September 24, People’s Bank of China (analogue of the Central Bank) banned any activity related to cryptocurrency. After that, BINANCE, like other major stock exchanges, eliminated the registration of Chinese users. With the pressure of regulatory financial bodies around the world, the exchange is faced against the background of their concern weak user protection, as well as the use of cryptocurrency for money laundering.