Binance

Binance Holdings Ltd. (commonly known as Binance) is a big cryptocurrency exchange. It was founded in 2017 by Changpeng Zhao. It was based in China, but later Binance moved from China because the Chinese government's negative attitude to cryptocurrencies.

The exchange gives services such as spot and futures trading, staking, and a non-fungible token (NFT) marketplace. Binance operates globally but does not have an official headquarters. It serves millions of users and supports a wide range of cryptocurrencies.

 History 
It was founded in 2017 in China. In 2018, Binance announced plans to open an office in Malta due to stricter regulations in Japan and China. It also partnered with the governments of Bermuda and Malta to develop blockchain projects. In 2019, Binance launched Binance Jersey, a platform offering Euro and British Pound trading with cryptocurrencies.

In the same year, Binance raised funds for projects like Chiliz, a sports blockchain company, and a stablecoin to reduce cryptocurrency price swings. It also acquired Trust Wallet, a decentralized cryptocurrency wallet.

In November 2024, FTX started a legal case against Binance Holdings Ltd., Binance’s former CEO Changpeng Zhao, and other Binance leaders. FTX wants to get back nearly $1.8 billion, which it says was moved illegally.

 References 

Category:Cryptocurrency