#BinanceHistory Summary: How Binance was founded.
Binance was founded in **July 2017** by **Changpeng Zhao (CZ)** in China. Before creating Binance, CZ had experience in technology and finance, having worked at the Tokyo Stock Exchange and Bloomberg developing high-frequency trading systems. The motivation behind Binance arose when CZ discovered **Bitcoin in 2013** and became fascinated with decentralization. In 2017, with the rise of ICOs, he saw the need for an efficient trading platform and decided to launch Binance, raising **15 million dollars** through the sale of its native token, **BNB**.
Initially, Binance was headquartered in China, but due to government restrictions, it moved its operations to Japan and then to Malta. Since then, it has grown to become the **largest cryptocurrency exchange in the world** by trading volume.