Binance, founded in 2017 by Changpeng Zhao, quickly rose to become the world’s largest cryptocurrency exchange by trading volume. Initially based in China, it later relocated due to regulatory concerns. Binance processes over $60 billion in daily trading volume and supports hundreds of cryptocurrencies. It also launched its own blockchain, BNB Chain, and native token, BNB, which is among the top cryptocurrencies globally. Binance offers services like staking, NFTs, and decentralized finance (DeFi). One fascinating fact: Binance grew so fast in its first year that it became a “unicorn” startup—valued at over $1 billion—within just six months of launch.
