If you’re considering trying cryptocurrency trading, you’ve probably done your research on what it is, the risks that come with it, and the best cryptocurrencies to invest in. But if you really want to up your game, you might need to know the most influential people in cryptocurrency trading because their slight moves can directly or indirectly affect the cryptocurrency system.
1. Changpeng Zhao
Changpeng Zhao is the founder and CEO of Binance, which started in 2015 and is the world’s largest cryptocurrency exchange by volume. He was previously Head of Blockchain Development and Chief Technology Officer of OK Coin. According to Reuters, Zhao says that Binance.US may make an initial public offering in the next three years.
While Binance has received a lot of regulatory criticism from different countries around the world, Zhao says he spends around 80% of his time working on cryptocurrency regulation, as reported by Markets Insider. In 2020, Binance made between $800 million and $1 billion in profit. Zhao has a net worth of $1.9 billion and ranks 22nd in the Forbes list of Singapore’s 50 richest net worth in 2021.
2. Vitalik Buterin
After Zhao, Vitalik Buterin, one of the co-founders of Ethereum. Ethereum is a blockchain network, which serves as a global computer for decentralized applications. Its cryptocurrency is called Ether. In six years, Ethereum has grown from a fledgling initiative to a global settlement platform that moves $9 billion in value every day, with applications ranging from DeFi to NFTs. Buterin also co-founded Bitcoin Magazine in 2011. He is also the inventor of the London hard fork, an update to the Ethereum blockchain.
According to Bloomberg, London hard fork fee reduction feature called EIP 1559 can push up Ether price as it was able to wipe out $2 million from its native cryptocurrency Ether in just a few hours after its implementation. Buterin is on the advisory board of the Dogecoin Foundation (an open-source, peer-to-peer digital currency).
3. Jihan Wu
Jihan Wu is the co-founder, chairman and CEO of Bitmain Technologies, a semiconductor company that develops AI and blockchain servers, chips and cloud solutions. Bitmain has evolved into the world’s largest bitcoin mining chip company, with revenues of US$2.5 billion in 2017. BitDeer.com, the leading all-in-one mining and cloud services platform in-one in the world, will be part of the Bitdeer group of companies founded by Jihan Wu. Bitdeer Group intends to create a more integrated mining ecosystem to expand the mining community.
Additionally, it seeks to provide channels for digital assets and value-added services to miners, institutional and retail investors, mining equipment vendors, and business partners. Everything you might need to learn about cryptocurrency trading can be found on sites like Bitcoin profit.
4. Barry Silvert
Barry Silbert is the founder and CEO of Digital Currency Group, which is the parent company of CoinDesk, Grayscale, Genesis, Foundry, and Luno. DCG has funded over 150 companies in 30 countries around the world, making it one of the most active investors in the industry. DCG has also invested in over 200 cryptocurrency companies through its various subsidiaries.
BIT shares are the first publicly traded securities (ticker: GBTC) that are fully invested and derive their value from the price of bitcoin, allowing investors to gain exposure to the price movement of bitcoin without the difficulties of buying, storage and backup of bitcoins. .
5. Brian Armstrong
Brian Armstrong is the co-founder and CEO of Coinbase, a public cryptocurrency trading platform and wallet. Armstrong tweeted in August that Coinbase will add over $500 million in cryptocurrencies to its assets and invest 10% of “all future earnings in cryptocurrency.”
He also co-founded GiveCrypto, a charity website that promotes the donation of cryptocurrencies to low-income people who otherwise could not access financial or investment opportunities.