Binance was an ambitious project headed by a team that knew for sure how to open a cryptocurrency exchange fueled for success. The Binance team started with a strong whitepaper for its internal token, BNB, and created a diverse platform offering support for crypto startups (LaunchPad). To date, Binance is much more than an exchange, as it offers numerous passive income opportunities like staking and liquidity farming and enables crypto exchanges with the lowest commissions in the industry.