#BinanceTurn8 Binance is actually turning 8 might be an incorrect assumption. According to available information, Binance was founded in 2017, which would make it around 8 years old in 2025. However, the exact date of its founding is in July 2017, and considering today's date is July 1, 2025, Binance would be close to its 8th anniversary but hasn't reached it yet.

Binance has had a remarkable journey so far, growing from a small startup to the world's largest cryptocurrency exchange with $12 billion in revenue in 2022 and over 7,000 employees as of 2023. The platform has expanded its services globally, despite facing regulatory challenges and lawsuits from various countries ¹.

Some notable developments in Binance's history include ² ¹:

- *Founding and Early Years*: Binance was founded by Changpeng Zhao and Yi He in 2017. Initially based in China, it later moved to Japan and then Malta due to regulatory restrictions.

- *Global Expansion*: Binance has expanded its services to various countries, including partnerships in Africa to enable mobile money payments for cryptocurrency purchases in six countries: Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal.

- *Regulatory Challenges*: Binance has faced regulatory scrutiny and lawsuits in several countries, including the United States, United Kingdom, and Nigeria. In 2023, the company pleaded guilty to federal charges in the US, including money laundering and sanctions violations, and agreed to pay a $4 billion fine.

- *Leadership Change*: Changpeng Zhao stepped down as CEO in November 2023 and was replaced by Richard Teng.