Binance is one of the world's leading cryptocurrency exchanges, known for its wide selection of digital assets and high trading volume. Here is a brief history of the company:
Binance was founded in 2017 by Changpeng Zhao, a Chinese-Canadian entrepreneur who previously worked in the tech industry. The company started out as a simple cryptocurrency-to-cryptocurrency exchange, allowing users to trade different digital assets without the need for traditional fiat currencies.
Binance quickly gained popularity due to its low fees and fast processing times, which made it an attractive platform for traders. In 2018, the company launched its own native cryptocurrency, Binance Coin (BNB), which is used to pay for fees on the exchange and can also be traded on other platforms.
In the same year, Binance made headlines when it announced that it was moving its operations from China to Malta due to regulatory issues in the country. The company has since become a major player in the Maltese blockchain industry and has received support from the Maltese government.
In the years since its launch, Binance has expanded its offerings to include a wide range of financial services, including a decentralized exchange, a peer-to-peer lending platform, and a staking service. The company has also made strategic acquisitions, such as the purchase of CoinMarketCap, a popular cryptocurrency data website.
Today, Binance is considered one of the most successful cryptocurrency exchanges in the world, with a user base of millions and a daily trading volume in the billions of dollars. It remains a leader in the industry and is constantly innovating to meet the needs of its users.
- This article about Binance was written by Luca Escobar [@PepeBNB] for APfinanciero. We hope you enjoyed reading it and that you learned something new.