Tag: Binance

Binance stands as the world’s largest cryptocurrency exchange by daily trading volume and a comprehensive global blockchain ecosystem. Founded in 2017 by Changpeng Zhao (CZ) and Yi He, it has evolved far beyond a simple trading platform to become a central pillar of the digital asset economy.

The core of its operation is the centralized Binance Exchange, which offers a wide array of services including spot trading, futures, margin trading, staking, and a vast selection of over 500 cryptocurrencies. This high liquidity and competitive fee structure have made it the preferred venue for millions of global traders, from beginners to institutional VIPs.

Crucially, Binance is also the driving force behind the BNB Chain ecosystem, which includes the BNB Smart Chain (BSC). This blockchain network supports smart contracts and a thriving decentralized finance (DeFi) and Web3 application space, utilizing the native BNB token for utility and governance.

The broader ecosystem includes Binance Labs (a venture capital arm), Binance Academy (for education), and the Trust Wallet (the official self-custody wallet). Despite facing intense global regulatory scrutiny, particularly after the 2023 leadership change, Binance continues to solidify its position by focusing on compliance, enhanced security measures through the SAFU fund (Secure Asset Fund for Users), and aggressive expansion into new product categories like institutional services and AI.