#BinanceTurns8

Binance, the world's largest cryptocurrency exchange by trading volume, celebrated its 8th anniversary on **July 14, 2025**. Here’s a look at its journey and key milestones:

### **Binance’s Growth Over 8 Years**

- **Founded in 2017** by **Changpeng Zhao (CZ)**.

- Rapidly became the top crypto exchange by volume within months.

- Expanded into **derivatives, NFTs, Web3 wallets, and decentralized services (Binance Smart Chain, now BNB Chain)**.

- Survived multiple market cycles, including the **2022 crypto winter** and regulatory challenges.

### **Key Milestones**

✔ **2017**: Launch of Binance exchange (BNB token ICO at $0.10).

✔ **2019**: Binance Launchpad & Binance Chain debut.

✔ **2020**: Binance Smart Chain (BSC) launch.

✔ **2021**: Peak trading volume ($76B daily in May 2021).

✔ **2023**: Regulatory settlements (e.g., $4.3B US DOJ deal).

✔ **2024**: CZ steps down as CEO; Richard Teng takes over.

✔ **2025**: BNB hits new ATH, Binance remains #1 despite competition.

### **8th Anniversary Celebrations**

- **Exclusive promotions**: Fee discounts, token airdrops, and trading competitions.

- **BNB Burn**: Significant token burn (reducing supply further).

- **New product launches**: Possible upgrades to Binance Web3 Wallet & DeFi offerings.

### **Challenges Ahead**

- **Regulatory scrutiny** continues in the US, Europe, and other regions.

- **Competition** from OKX, Bybit, and decentralized exchanges (DEXs).

- **Maintaining trust** post-CZ era.

Despite hurdles, Binance remains a dominant force in crypto. Happy 8th birthday, Binance! 🎉