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Coinbase, FTX and Binance CEOs high blockchain billionaires checklist



The CEOs of Coinbase, FTX and Binance led the blockchain billionaires checklist final yr because the cryptocurrency market recorded huge features

The heads of cryptocurrency exchanges Coinbase, FTX and Binance have been named the wealthiest individuals within the blockchain house. In line with the Hurun Report’s 2020 International Wealthy Checklist revealed earlier this week, there are 17 blockchain billionaires.

Blockchain billionaires are people who made their cash from cryptocurrency exchanges, investing in cryptocurrencies or mining them. Amongst the 17 blockchain billionaires, 11 are new to the checklist as they made their fortune within the present bull cycle, which started final yr.

Coinbase CEO Brian Armstrong tops the checklist, with an estimated web price of roughly $11.5 billion. Coinbase is among the high digital foreign money exchanges globally and is getting ready to go public quickly.

He’s adopted intently by the CEO of FTX, Sam Bankman-Fried, with an estimated web price of $10 billion. The CEO of Binance, Changpeng Zhao, got here in third and is price round $8 billion. These three run a number of the main cryptocurrency exchanges on the planet.

A notable absence from the checklist is Bitcoin founder Satoshi Nakamoto. Satoshi is price round $50 billion and will have taken the primary spot. Nonetheless, Hurun defined that Satoshi couldn’t be on the checklist since his id stays unknown.

A few of the notable new entrants within the blockchain house embrace; the Winklevoss twins tied in seventh place, price round $2.8 billion and co-founder of MicroStrategy, Michael Saylor, price roughly $2.4 billion.

The remaining billionaires on the checklist embrace; Chris Larsen ($5.1 billion), Jed McCaleb ($3.2 billion), Barry Silbert ($3 billion), Matthew Roszak ($2.4 billion), Li Lin ($2 billion), Tim Draper ($1.9 billion), Zhan Ketuan ($1.8 billion), Xu Mingxing ($1.7 billion), Michael Novogratz ($1.7 billion), Brad Garlinghouse ($1.4 billion) and Dan Morehead ($1.1 billion).

The cryptocurrency market added a whole lot of billions of {dollars} to its market cap as Bitcoin, Ethereum and several other different cryptocurrencies raced to new all-time highs. The growing variety of customers within the crypto house meant excessive transaction volumes and file charges for the cryptocurrency exchanges.

Cryptocurrency traders and miners additionally made cash final yr as BTC surged by greater than 400% in 2020. It continued its rally in 2021 and reached a brand new all-time excessive above $58,000 a couple of weeks in the past.


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