What Is Myunghun Cha’s Net Worth? (Latest Report)
|Net Worth||$50 million|
|Born||June 12, 1989|
|Birthplace||Seoul, South Korea|
|Source of Wealth||Entrepreneur, Founder & CEO of Coinone|
Myunghun Cha (Cha Myunghun) is a South Korean entrepreneur and a blockchain investor. His net worth is expected to be worth $50 million in 2022.
Myunghun Cha is the founder, largest shareholder, and owner of Coinone, Korea’s leading professional virtual asset exchange, which will finish reporting and accepting virtual asset operators in November 2021.
He is also the CEO of CODE (Connect Digital Exchanges), a travel rule joint venture co-founded by domestic virtual asset exchanges Coinone, Bithumb, and Korbit.
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Let’s explore some additional fascinating facts about Myunghun Cha now that we are aware of his net worth.
Myunghun Cha Biography/ Wikipedia/ Wiki
|Real Name||Cha Myunghun (차명훈)|
|As known as||Myunghun Cha|
|Birth Date||June 12, 1989|
|Age||33 years old|
|Net Worth||$50 million|
|Profession||Entrepreneur, Investor, Founder & CEO of Coinone|
How was Myunghun Cha’s Early Life and Education?
Cha Myunghun (차명훈) was born on June 12, 1989, in Seoul.
He attends Gunpo Yongho High School. Myughun won bronze at the Korea Information Olympiad High School in 2005.
He graduated in 2007 from the Department of Computer Engineering at Pohang University of Science and Technology.
Cha Myunghun is a former white hacker security expert and a former member of the hacking club at Pohang University of Science and Technology.
He placed third in the 2009 Codegate (CODEGATE) International Hacking Defense Contest, and PLUS, a security research organization that he joined the same year, placed third in the DEFCON CTF.
How Did Myunghun Cha Start His Career?
Myunghun Cha founded Coinone in Feb 2014 intending to create a financial future based on blockchain and cryptocurrency.
In 2014, Myunghun Cha saw Mt. Gox, the biggest virtual asset exchange at the time, got hacked and went out of business.
In 2016, Coinone launched Ethereum in Korea for the first time. Additionally, as an exchange that carried out numerous campaigns to widely promote Ethereum.
Coinone quickly supported the hard fork of Ethereum Classic after the cryptocurrency’s initial listing and registered the second-highest transaction volume in history.
Myunghun Cha founded Divine Lab in 2015, however, High Deed (formerly Daily Financial Group) acquired the company based on government assistance, such as public relations.
Although, when Daily Financial Group was established as a Yellow Mobile Group affiliate in 2017, the anticipated win-win cooperation did not materialize.
In the end, Myunghun Cha started to reclaim his ownership of Coinone after concluding that the company’s and its members’ growth would be slow without independent ownership.
After 5 years, it reclaims the title of the largest shareholder, and through increased ownership, it is moving quickly to revive the blockchain industry.
Myunghun Cha, the first generation in the industry, has a sense of mission to find blockchain projects and create a healthy ecosystem, which is why he overcame growing pains and led Coinone steadily as the CEO.
Despite the lack of clarity surrounding regulations in the nation, the exchange achieved over 70 billion won ($6.1 million) in revenue in 2017 thanks to the local cryptocurrency craze and reaches monthly trading of around 10 billion won.
CEO Myunghun Cha established Coinone Indonesia in Jakarta, Indonesia in 2018.
He became the first CEO of CODE (Connect Digital Exchanges) in August 2021, a travel rule joint venture launched by domestic virtual asset exchanges Coinone, Bithumb, and Korbit.
Myunghun Cha’s Personal Life
Myunghun Cha currently resides in Seoul, South Korea.
There is no information about his personal life.
How Does Myunghun Cha Make His Money?
The following are his main revenue sources from which he has made $50 million:
- Earning as an Entrepreneur
- Earning as a Founder & CEO of Coinone
- Earning as an Investor
Myunghun Cha Social Media Profiles
Major Career Highlights
- He was named one of the 30 Under 30 Asia – Finance & Venture Capital (2018).
- Coinone CEO Myunghun Cha was named one of Asia’s 30 most influential leaders under the age of 30 by Forbes in 2018.
- In 2021, he acquired a 54% stake in Coinone, making him the company’s largest shareholder.
- As the first CEO of CODE (Connect Digital Exchanges), a joint venture that deals with travel regulations, he co-launched Coinone, Bithumb, and Korbit in 2021.
Success Lessons Myunghun Cha
- Win the game.
- Be the expert in your field.
Myunghun Cha is the CEO of Coinone, a fintech startup that operates one of South Korea’s largest cryptocurrency exchanges. Cha is a well-known white hacker who has excelled in international competitions like Codegate and DEFCON CTF.
I hope his story has motivated you to take the first step toward achieving your goals.
As per recent updates, the net worth of Myunghun Cha is $50 million…!
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Frequently Asked Questions
Here are some of the frequently asked questions about Myunghun Cha, such as age, weight, height, biography, girlfriend, etc…
Who is Myunghun Cha?
Myunghun Cha is the CEO of Coinone, a fintech startup that operates one of South Korea’s largest crypto exchanges.
What is Myunghun Cha’s net worth?
The net worth of Myunghun Cha is projected to be more than $50 million.
What is Myunghun Cha’s age?
Myunghun Cha was born on June 12, 1989, and he is 33 years old.
What is Myunghun Cha’s height?
There is no information about his height.
What is Myunghun Cha’s relationship status?
Myunghun Cha might be dating but there is no information about his personal life.
Where is Myunghun Cha from?
Myunghun Cha is from Seoul, South Korea.
Who owns Coinone?
Myunghun Cha is the Founder and CEO of Coinone.
How much Bitcoin or cryptocurrency does Myunghun Cha own?
Myunghun Cha owns a substantial amount of cryptocurrency and bitcoin, but the exact amount is unspecified.
(PS: This is not Myunghun Cha‘s precise net worth.)