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Binance is one of the largest cryptocurrency exchanges in the world, founded by Changpeng Zhao (CZ) in 2017. CZ was previously a member of the team that developed Blockchain.info and also worked at OKCoin as head of technology development before deciding to officially found Binance.Binance launched on July 14, 2017 via an Initial Coin Offering (ICO) for the Binance token (BNB). In less than a year, Binance managed to become the world's largest cryptocurrency exchange based on trading volume. Binance was originally based in China, but due to strict regulations against cryptocurrencies in China, they moved their operations to more crypto-friendly countries such as Japan and Malta.Since its founding, Binance has grown rapidly and now offers a variety of products and services, including a spot and futures exchange, a crypto wallet, a P2P trading platform, staking services, and even a blockchain university. Binance has also expanded its operations to various countries and regions around the world.