#BinanceTurns8 BinanceTurns8

In just 8 years, Binance has transitioned from a small cryptocurrency startup to the largest cryptocurrency exchange in the world by trading volume. Founded in July 2017 by Changpeng Zhao (CZ), Binance was launched during the peak of the cryptocurrency boom—and within just 6 months, it became the largest global exchange.

Initially based in China, Binance quickly relocated due to regulatory pressures and adopted a decentralized operational model. Its rapid growth was driven by a strong product offering, low trading fees, and the launch of its native token, BNB, which is now among the top 5 cryptocurrencies by market capitalization.

Over the years, Binance has expanded far beyond spot trading. It introduced Binance Smart Chain (now BNB Chain), a major DeFi ecosystem; launched a robust derivatives platform; supported NFT markets; and led numerous cryptocurrency education and adoption initiatives around the world.