BitMart Celebrates 7th Anniversary with an Exclusive Interview with Founder Sheldon

Celebrating BitMart's 7th anniversary, Wu Blockchain — one of the cryptocurrency industry's leading media platforms — conducted an exclusive interview with BitMart founder Sheldon.

Mahe, Seychelles, March 18, 2025 (GLOBE NEWSWIRE) -- Celebrated BitMart’s 7th anniversary, Wu Blockchain—one of the cryptocurrency industry's leading media platforms—conducted an exclusive interview with BitMart founder Sheldon. The interview provides an in-depth retrospective on Sheldon's journey from discovering Bitcoin as a college student to founding and scaling BitMart into a global digital asset exchange. It also delves into the exchange’s evolution over the past seven years, key industry trends, and insights into the regulatory landscape shaping the future of crypto trading.

The full interview is presented below.

Colin: This year marks the 7th anniversary of BitMart. Congratulations on BitMart’s continued growth and on overcoming numerous challenges along the way. Could you start by briefly introducing your background, including your educational experience and your story before entering the crypto space?

Sheldon: Indeed, this year marks the 7th anniversary of our platform. Actually, the company has been established for about 7 years, with around 9 months spent in preparation before our official launch on March 15.

Let me quickly introduce my past experiences. I studied computer science at Hangzhou Dianzi University. Due to this background, I came into contact with blockchain relatively early, as there is a close link between computer science and blockchain technology. I first encountered Bitcoin in early 2013 while I was a sophomore, as I was interested in new technologies and eager to discover cutting-edge innovations.

At that time, I was still using Renren, a social media platform, where I had a small site on "Renren Xiaozhan," a platform for coding and collecting interesting news in the tech field to share. One day, I read a news article from Brooklyn, New York, about two young people who improved the ASIC mining algorithm, increasing Bitcoin's mining speed by hundreds of times. This news sparked my interest, leading me to further investigate Bitcoin.

Initially, I was extremely enthusiastic. However, to be honest, I only had knowledge of computers and programming, but not finance. I viewed Bitcoin as a revolutionary technology capable of changing the world. From the aspect of financial freedom, it enabled global transactions to be performed quickly and easily, which was a strong point of attraction for me at that time. As a young person, I always pursued freedom, and I thought Bitcoin was really cool.

Colin: So, did you mine at that time?

Sheldon: Yes! While I was still studying, I tried mining using my own computer. The industry was still small at that time, and we often met at offline events. For instance, during the summer of 2013, I attended a Bitcoin conference in Hangzhou, where I met industry figures like CZ, Star Xu from OK, Jame Gong, Mo Buyi, and Nick Chong. Everyone participated out of their enthusiasm for blockchain, and there was a lot of interaction, allowing me to meet many future industry partners.

Colin: Did you continue to follow the industry after that?

Sheldon: During college, I did some blockchain development work and even created my own coin, which became relatively well-known in 2013. Afterwards, I decided to focus more on my studies and went to Stevens Institute of Technology in New Jersey, USA, to pursue a master’s degree in computer science. Although I returned to the traditional computer field in terms of academics, I still kept abreast of developments in the blockchain industry.

Overall, Bitcoin did serve as an inspiration, especially with the financial innovations it brought. What truly deepened my understanding of this industry was in 2016, when a fellow alumnus from my university, who had gone to the US before me and was working at SAP in Seattle, became the group leader of our overseas alumni association. We often chatted and exchanged views on blockchain and Bitcoin. During those years, I also made some attempts at algorithmic trading and discussed related issues with him.

Later, I read the Ethereum white paper, and after finishing it, I felt extremely invigorated. At that time, Ethereum's vision was to build a "world computer," aiming to put all computation and storage on-chain. This model was more easily understood compared to Bitcoin's, presenting a grander vision and broader imaginative space, along with richer possibilities for practical application scenarios.

Colin: Was this in 2015?

Sheldon: It was in the second half of 2016, just before Ethereum experienced an explosion in growth. After reading its white paper, I realized it was opening up a completely new world. Unlike Bitcoin's philosophy, Ethereum could support smart contracts and had greater extensibility, elevating my understanding of blockchain to another dimension.

Subsequently, together with some classmates, we began trying to code and create some small applications on Ethereum. At the same time, I also participated in the cryptocurrency trading frenzy, accumulating some initial capital in the market. I experienced

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