If you are looking into trying out cryptocurrency trading, you probably have done your research about what it is all about, 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, as their slight moves may 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 formerly served as Blockchain’s Head of Development and OK Coin’s Chief Technology Officer. According to Reuters, Zhao says that Binance.US may have an initial public offering within the next three years.
While Binance has received many regulatory criticisms from different countries all over the world, Zhao says that he is spending 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 $1.9B and ranks 22 in Forbes’ list of 2021 Singapore’s 50 Richest Net Worth.
2. Vitalik Buterin
Following Zhao is Vitalik Buterin, one of Ethereum’s co-founders. Ethereum is a blockchain network, which serves as a global computer for decentralised applications. Its cryptocurrency is referred to as Ether. In six years, Ethereum has progressed from a fledgling initiative to a worldwide settlement platform that moves $9 billion in value every day, with applications ranging from DeFi to NFTs. Buterin co-founded Bitcoin Magazine in 2011, as well. He is also the inventor of the London hard fork, an update of the Ethereum blockchain.
According to Bloomberg, London hard fork’s fee reduction feature called EIP 1559 can push the Ether price higher as it was able to eliminate $2 million worth of its native cryptocurrency Ether in just hours after its implementation. Buterin is among The Dogecoin (an open-source, peer-to-peer digital currency) Foundation’s board of advisors.
3. Jihan Wu
Jihan Wu is the Co-Founder, Chairman, and CEO of Bitmain Technologies, a semiconductor business that develops AI and blockchain servers, chips, and cloud solutions. Bitmain has evolved to become the world’s largest bitcoin mining computer chip company, with revenues of US$2.5 billion in 2017. BitDeer.com, the world’s top all-in-one mining and cloud service platform, will be part of Bitdeer Group of companies founded by Jihan Wu. Bitdeer Group intends to create a more integrated mining ecosystem in order 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 providers, and business partners. Everything else you might need to learn about cryptocurrency trading can be found on sites like Bitcoin Profit.
4. Barry Silbert
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 more than 150 firms in 30 countries throughout the world, making it one of the industry’s most active investors. DCG has also invested in over 200 cryptocurrency companies through its various subsidiaries.
The BIT’s shares are the first publicly traded securities (ticker: GBTC) that are entirely invested in and derive value from the price of bitcoin, allowing investors to obtain exposure to the price movement of bitcoin without the difficulties of purchasing, storing, and safeguarding 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 more than $500 million in cryptocurrencies to its assets and will invest 10% of “all future profit in cryptocurrency.
He also co-founded GiveCrypto, a charity website that promotes the donation of cryptocurrencies to low-income individuals who would otherwise be unable to access financial or investing possibilities.
Also read: Generate Income: Several Ways You Can Make Money with Crypto