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The story of Bobby Ong from CoinGecko
- Bobby Ong co-founded CoinGecko to democratize crypto data by providing real-time information and unbiased insights.
- Overcoming early challenges, CoinGecko now serves millions of people with comprehensive crypto data and educational resources.
Born in 1989 Bobby Ong began his studies at Anderson Junior College before receiving the esteemed Sime Darby Foundation Scholarship to study economics at University College London. Her interest in the business sector became even greater after the 2013 financial crisis in Cyprus.
Bobby understood the need for a financial system that could protect personal wealth from such interference after witnessing the government’s harsh actions, which included the withdrawal of assets from protected accounts.
Discovering Bitcoin
Bobby got into conversations about the revolutionary digital currency Bitcoin on websites like Hacker News when he was in London. Bobby became fascinated with this new type of money, which his college professors had never covered, and he delved deeper into the realm of cryptocurrencies.
He considered Bitcoin be a safety net against the uncontrollably high inflation and financial instability plaguing nations like Argentina and Zimbabwe. This newly discovered interest paved the way for the entry of a crucial period in his life.
The history of CoinGecko
Co-founder of CoinGecko in 2014 with TM Lee was Bobby Ong. Their request for extensive cryptocurrency data that was not available anywhere else gave rise to the site.
Operating first out of bed, their goal was to provide real-time pricing, volume, market capitalization and other data on cryptocurrencies, thus democratizing access to them. The cryptocurrency world has gradually come to support this grassroots effort.
It hasn’t been an easy journey. The bear markets of 2015 and 2016 tested their fortitude. Uncertainly, the small group has also thought about selling CoinGecko.
Bobby and TM Lee still chose to keep it, as they had no serious buyers and strongly believed in the future of cryptocurrency. They have figured out how to allocate their resources wisely and prepare for the inevitably cyclical market.
2018 saw CoinGecko begin to grow as the cryptocurrency industry took off. After the initial hire, they continued to expand and had 16 employees as of 2020. The success of the platform can be attributed to its dedication to offering correct and unbiased data.
The cryptocurrency community appreciated the fact that CoinGecko remained independent, unlike its rivals, especially when CoinMarketCap was bought by Binance.
Impact and expansion of CoinGecko
With so many services, CoinGecko is one of the best cryptocurrency data aggregators today. Along with educational materials on decentralized finance (DeFi), it offers a public API, a daily email, and quarterly reports in multiple languages. The site has strengthened its position in the cryptocurrency ecosystem by also starting to track NFT values.
CoinGecko’s journey was made possible in large part by the leadership and observations of Bobby Ong. It highlights the need for correct data and openness in the cryptocurrency industry to ensure that users can obtain reliable information. With this dedication, CoinGecko has established itself as a trusted brand in the industry.
A monument to tenacity and creativity is Bobby’s story. Together with TM Lee, he started with few resources and created a platform that now has millions of users worldwide. Their experience highlights the need to meet market demands and maintain resilience to market cycles.
Looking at the future
Into the future, Bobby Ong sees blockchain technology and cryptocurrency are part of everyday life. Anything that can be tokenized, he thinks, will be, and CoinGecko will be essential in collecting and providing data for this tokenized world. His vision reflects his extensive knowledge of the cryptocurrency business and his dedication to its expansion.
The success of other cryptocurrency industry figures reinforces Bobby Ong’s narrative. With smart contracts, for example, Ethereum co-founder Vitalik Buterin transformed the blockchain industry and made decentralized apps possible.
Likewise, the founder of Binance Changpeng Zhao created one of the largest cryptocurrency exchanges globally, which accelerated the acceptance of virtual currencies.
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