Top 10 Richest Crypto Traders in the World: The cryptocurrency market has experienced tremendous group since the launch of bitcoin in 2009. Since then, Bitcoin has just lately moved beyond the level of being a mere catchphrase in the tech and business worlds. The market is currently seeing a significant influx of new coins and tokens each month. Some of the largest cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Dogecoin, have market capitalizations in the billions of dollars. Along with the growth of the cryptocurrency industry, the list of top traders grows. In this post, you’ll find the top 10 richest cryptocurrency traders.

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As of April 12, 2022, the market capitalization of the digital asset and payment system known as bitcoin was around $747.34 billion. It is important to know that  Bitcoin is considered a risky asset class and requires strategic analysis. Many people believe it to be one of the best digital currencies ever developed. In October 2021, the first-ever bitcoin exchange-traded fund (ETF) was introduced, which helped the cryptocurrency to fresh all-time highs.

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The $2 trillion crypto market provides several opportunities for profit amidst all the commotion. According to Forbes‘ annual World’s Billionaires list, a record 19 billionaires obtained their income from cryptocurrencies and blockchain technology in 2022.

According to our source, the richest crypto millionaire in the world is Changpeng Zhao of Binance. Zhao is thought to hold at least 70% of the business, which controlled two-thirds of trade volumes on centralized exchanges last year and brought in an estimated $16 billion in revenue. Zhao holds both his Bitcoin assets from Binance and the BNB cryptocurrency.

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What’s more? You will also find the source of wealth and the net worth of the wealthiest crypto traders in this post. Enjoy the read!

Top 10 Richest Crypto Traders in the World

  1. Changpeng Zhao, Binance ($65 billion)
  2. Sam-Bankman Fried,  FTX ($24 billion)
  3. Brian Armstrong, Coinbase ($6.6 billion)
  4. Gary Wang,  FTX ($5.9 billion)
  5. Chris Larsen, Ripple ($4.3 billion)
  6. Cameron Winklevoss, Bitcoin ($4 billion)
  7. Tyler Winklevoss, Bitcoin ($4 billion)
  8. Son Chi-hyung, Upbit ($3.7 billion)
  9. Barry Silbert, Digital Currency Group ($3.2 billion)
  10. Jed McCaleb, Ripple, Stellar ($2.5 billion)

1. Changpeng Zhao, Binance ($65 billion)

Top 10 richest crypto traders in the world

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According to our source, Changpeng Zhao is the richest crypto trader in the world with a net worth of $65 billion.

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CZ, the CEO and creator of Binance, is ranked as the 19th richest person in the world. He owns at least 70% of Binance, claims Forbes. The 44-year-old also has a small amount of Bitcoin and an unknown amount of BNB, Binance’s native token.

Binance plans to make a sizeable investment in the parent company that would own Forbes following the previously mentioned public listing agreement.

Today, the Binance has more over 600 cryptocurrencies and more than 90 million users. The CEO, who owns around 70% of the business, receives tremendous profits from the initiative.

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2. Sam-Bankman Fried,  FTX ($24 billion)

Wealthiest crypto traders in the world

Sam-Bankman Fried and his exchange FTX relocated from Hong Kong to the more crypto-friendly Bahamas in late 2021 after raising $400 million in January with a $32 billion valuation. The Ontario Teachers’ Pension Plan Board, venture capital firm Sequoia, buyout firm Thoma Bravo, and cryptocurrency venture capital firm Paradigm are some of the investors in the business.

In October 2021, Forbes projected the MIT graduate’s net worth to be $26.5 billion. He launched FTX, one of the most well-known cryptocurrency exchanges in the world, in 2019.

By providing a variety of new items that are not available on other exchanges, FTX sets itself apart from the competition. Complex derivatives, virtual stock tokens, and initial public offering (IPO) contracts are all included in this mix.

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He holds more over $7 billion in FTT, the platform’s native token, and about half of FTX. As of August 2022, Sam-Bankman Fried is the second richest crypto trader in the world with a net worth of $24 billion.

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3. Brian Armstrong, Coinbase ($6.6 billion)

Brian Armstrong: one of the richest crypto traders in the world

The CEO and founder of Coinbase listed the cryptocurrency exchange directly on the stock market in April 2021, valuing it at an astounding $100 billion. With a 19% holding, Armstrong is the third-wealthiest crypto trader albeit the market valuation is almost half that today.

Coinbase is the largest cryptocurrency exchange by trading volume in North America. In 2012, after leaving his position as a software engineer at Airbnb, he co-founded the exchange. Armstrong owns a 19% interest in Coinbase, and in January 2022, Forbes pegged his net worth at $10.4 billion.

Armstrong’s net worth was $9.69 billion according to Bloomberg’s billionaire index for the same time period. According to Armstrong, the reason he founded Coinbase was to create a “global, open financial financial system that fostered innovation and freedom.”

Armstrong is currently the third richest crypto trader in the world with an estimated net worth of $6.6 billion.

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4. Gary Wang,  FTX ($5.9 billion)

 

Gary Wang is the co-founder of FTX’s and leads the company’s technological operations. In January 2022, the exchange received $400 million at a $32 billion valuation, and investors valued its U.S. operations at $8 billion. Wang controls roughly 16% of the exchange and around 18% of those operations.

Wang, an MIT graduate, worked as a software engineer at Google, developing systems to compile airline fares across millions of routes. He collaborated to start FTX in 2019 with fellow billionaire Sam Bankman-Fried.

With a net worth of $5.9 billion, Gary Wang is one of the richest crypto traders in the world in 2022.

5. Chris Larsen, Ripple ($4.3 billion)

Ripple's Chris Larsen: The Richest Person In Cryptocurrency

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Taking up the 5th spot on the list is Chris Larsen of Ripple with an estimated net worth of $4.3 billion.

Chris Larsen is a co-founder of Ripple and its Executive Chairman.  He has been a prominent figure in the business sector and is 5th richest cryptocurrency trader worldwide. Chris Larsen owns 17% of Ripple, a company with significant sway over the bitcoin market.

Additionally, he founded the XRP company, which has brought him more than $3 billion. According to Forbes, he has a $4.3 billion net worth and this makes him one of the richest crypto traders in the world

6. Cameron Winklevoss, Bitcoin ($4 billion)

Cameron Winklevoss

With an estimated net worth of $4billion, Cameron Winklevoss is the sixth wealthiest crypto trader in the world.

Cameron Winklevoss is the twin brother of Tyler. He has a net worth of 5.3 billion dollars. The twins accused Facebook CEO Mark Zuckerberg of stealing their investment ideas. The amount received from the case total is $65 million. They used it to buy about 70, 000 bitcoins.

The twins founded HarvardConnection, which has brought in significant money. They claimed that the Facebook CEO had plagiarized their investment ideas, but they ultimately obtained fair recompense.

The siblings started purchasing bitcoin in 2012 and since then have diversified their holdings in digital assets by acquiring more cryptocurrencies and founding the cryptocurrency exchange Gemini. The pair also controls the digital art auction platform Nifty Gateway, which benefited from the NFT mania of the previous year.

They both founded HarvardConnection, which has brought in significant money. They claimed that the Facebook CEO had plagiarized their investment ideas and ultimately obtained fair recompense. The entire sum of money received from the lawsuit is $65 million, the money they invested in buying 70,000 bitcoins. Along with his brother, Cameron Winklevoss pursued a degree in economics. He has invested in other businesses with a competitive edge like Winklevoss Capital Management.

7. Tyler  Winklevoss ($4 billion0

Bitcoin Bros Cameron and Tyler Winklevoss Can't Catch a Break | Vanity Fair

Tyler Winklevoss is an American-born investor businessman. He studied at Harvard University and focused on economics. Little wonder why he’s successfully  managed the money in his cryptocurrency businesses. Tyler started the Gemini cryptocurrency exchange, the Olympic rower, and Winklevoss Capital Management.

Additionally, he serves as the CEO of Gemini, a cryptocurrency exchange with a sizable investor base. Tyler has decided to live a modest life without using social media. He enjoys athletics and participated in boat rowing in 2008.
The brothers have not disclosed their specific holdings, but they also have a significant amount of Ethereum in addition to bitcoin.

With an estimated net worth of $4billion, Tyler Winklevoss is the seventh richest crypto trader in the world.

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8. Son Chi-hyung, Upbit ($3.7 billion)

Son Chi-Hyung

Chi-hyung is the founder of Upbit, the largest cryptocurrency exchange in South Korea. The investor has massively reaped the benefits of the country’s burgeoning $46 billion cryptocurrency sector.

He is thought to own about 25% of Dunamu, the parent company of Upbit, which was valued at $17 billion in November when Hybe, the management company for the K-pop superstar BTS, acquired a 2.5% interest.

9. Barry Silbert, Digital Currency Group ($3.2 billion)

Barry Silbert (@BarrySilbert) / Twitter

Barry Silbert has an estimated net worth of $3.2 billion to emerge as one of the richest earners from crypto.

With his investment business in control of Grayscale and CoinDesk, the founder of the Digital Currency Group has created a diverse crypto empire. About $28 billion worth of cryptocurrency assets are managed by Grayscale.

Silbert’s DCG has made investments in more than 200 cryptocurrency firms through a number of its subsidiaries. Before entering the world of cryptocurrencies, Silbert worked as an investment banker and entrepreneur. In 2015, he sold the stock trading platform Second Market to Nasdaq for an unknown sum.

10. Jed McCaleb, Ripple, Stellar ($2.5 billion)

10th richest crypto trader in the world

The American businessman completes our list of the top 10 richest crypto traders in the world in 2022.

In 2012, McCaleb cofounded Ripple Labs and XRP, a cryptocurrency project that focuses on payments. McCaleb quit the project in 2013 after a disagreement with Larsen and other team members. This is where McCaleb made the most of his wealth. Following a 2014 separation deal he made with Ripple Labs, McCaleb has since sold a significant portion of his XRP in sporadic amounts. The cryptocurrency Stellar was founded by him, and he serves as its chief technical officer.

With a net worth of $2.5 billion in 2022, Jed McCaleb is one of the richest cryoto traders in the world

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