What is Binance?

Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao, also known as CZ. The company has quickly become one of the market's largest and most influential crypto-asset exchanges, offering a wide range of products and services for buying and selling cryptocurrencies. In addition to its traditional exchange platform, Binance offers margin trading and lending, crypto futures trading, and a token sale platform called Binance Launchpad.

In April 2019, Binance launched its blockchain called Binance Chain, which uses a delegated proof-of-stake consensus mechanism to secure its network. Binance Coin (BNB) is the native token of the Binance Chain and is used as the utility token for Binance's exchange services. Binance has also been involved in several other initiatives, including venture accelerators, charity work, and the development of blockchain protocols.

Over the past three years, Binance has continued to grow and expand its services, often navigating the complex and constantly changing landscape of cryptocurrency regulation in different jurisdictions worldwide. In addition to its core exchange services, Binance has established itself as a significant player in the cryptocurrency industry and has become a driving force behind the development and adoption of blockchain technology.



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