đ Founding & Growth
Founded in July 2017 by Changpeng Zhao ("CZ") and Yi He, with trading starting just days after its ICO in mid-July 2017 .
It quickly became the world's largest crypto exchange by volume within months, and in 2018 it launched Binance Smart Chain and established global operations .
As of 2023, Binance employs around 7,000 people and is led by CEO Richard Teng, who took charge in November 2023 .
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đ BinanceâŻTurnsâŻ8 (& "Crypto Meteor Shower")
From JulyâŻ8 to JulyâŻ15, 2025 (UTC), Binance is celebrating its 8th anniversary with a global event branded **âBinance TurnsâŻ8â** :
1. Cî¨876-0î¨ rypto Meteor Showerî¨
⢠Trade âĽâŻ$8 (or equivalent spot/convert) to receive a âGRâ8 Cardâ.
⢠Every 8 hours, you get randomly drawn rewardsâtokens, fee vouchers, even up to 1âŻBNBâfrom a pool worth nearly $2âŻmillion .
2. Special Quest
⢠Collect âmeteoritesâ through tasks: watching tutorials, sharing, trading, inviting friends.
⢠With âĽâŻ28, you can enter a dynamic pool of up to 888,888 BNB, boostable based on participation .
3. Crypto Star Signs
⢠Daily set of 8 âstar signsâ by sharing the event page.
⢠The first few users to complete sets (8, 88, 888âŚ) win an extra 1âŻBNB .
4. Square Social Quest
⢠On Binance Square, post and share using #BinanceTurns8 to unlock a share of 8,888 USDC (via post challenges) .
5. Total Reward Pool
⢠Reportedly, over $2.88âŻmillion (~888,888âŻBNB) in giveaways across these events .
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đ Why It Matters
This celebration is part of Binance's broader push to engage users and boost trading volumeâpromotions like this typically trigger short-term liquidity spikes .
The use of the lucky number 8 (symbolic in Chinese culture) aligns thematically with BNB, CZ's own age (48), and the anniversary đ .
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đĄď¸ Compliance & Leadership
Binance has ramped up compliance under CEO Richard Teng, securing licenses in 20+ jurisdictions and establishing formal oversight mechanisms .
CZ, while stepping down and serving a short prison term for AML violations, remains the largest shareholder and influential figure behind the scenes .
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Summary Table
Aspect Details
Launch Date MidâJuly 2017 (Binance main site went live ~July 14)
8th Anniversary Event: JulyâŻ8â15, 2025
Key Activities Meteor Shower, Quests, Star Signs, Square Social
Prize Potentials ~$2âŻmillion + 888,888âŻBNB + 8,888âŻUSDC
Event Goal User engagement, trading volume boost
Leadership Richard Teng as CEO since Nov 2023
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đŻ What You Can Do Now
If you're active on Binance, participate by trading, completing quests, and sharing to unlock rewards.
Be aware: these promotions can increase market volatility, especially in altcoins.
If youâre not yet on Binance but considering it, these rewards offer a good introâbut always do your own research.
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In short: Binance is celebrating its 8th birthday this week with a series of time-limited global giveawaysâMeteor Shower draws, quests, social eventsâwith a multi-millionâdollar prize pool. Itâs both celebratory and strategic, marking eight years of rapid growth under evolving leadership.