CZ says he sold his apartment in 2013 to go all-in on blockchain

Binance founder Changpeng Zhao (CZ) revealed in an interview with U.S. digital media outlet The Free Press that he sold his apartment in 2013 to go all-in on blockchain. CZ explained that after missing the internet era, he was determined not to miss the opportunity in blockchain, leading him to sell his apartment, quit his job, and invest his entire fortune. He said he viewed blockchain as a key technology for expanding financial access and autonomy and maintained a user-focused strategy from the outset. This approach, which included a low-fee policy to grow the user base, ultimately led to Binance becoming the world's largest exchange, he added.