#MarketPullback Binance is the world's largest cryptocurrency exchange by daily trading volume. Founded in 2017 by Changpeng Zhao (CZ) and Yi He, it has grown to become a comprehensive blockchain ecosystem.

Here's a breakdown of key aspects of Binance:

1. What it is:

* Cryptocurrency Exchange: At its core, Binance allows users to buy, sell, and trade a vast array of cryptocurrencies (over 350 listed, with thousands of trading pairs) including Bitcoin (BTC), Ethereum (ETH), and its own native coin, Binance Coin (BNB).

* Blockchain Ecosystem: Beyond just trading, Binance has developed a wide range of services and products, aiming to be a full infrastructure provider for the blockchain world.

2. History and Founders:

* Founding: Binance was founded in July 2017 by Changpeng Zhao (CZ), a developer with a background in high-frequency trading software, and co-founder Yi He.

* Early Days: Initially based in China, Binance moved to Japan shortly before the Chinese government imposed restrictions on cryptocurrency companies