#BinanceTurns8
Binance, the world's largest cryptocurrency exchange by trading volume, is celebrating its 8th anniversary this July. Founded by Changpeng Zhao (CZ) in July 2017, the platform has grown from a fledgling exchange into a global powerhouse, significantly shaping the cryptocurrency landscape.
Over its eight years, Binance has achieved numerous milestones. It rapidly ascended to become the top exchange, demonstrating remarkable agility in a nascent and often volatile industry. The launch of its native token, BNB, and the development of the BNB Chain (formerly Binance Smart Chain) further solidified its ecosystem, fostering a vibrant environment for decentralized applications and DeFi.
Despite facing significant regulatory scrutiny and challenges across various jurisdictions, including a major settlement with U.S. authorities in late 2023, Binance has consistently adapted and maintained its dominant position. The exchange has continually expanded its offerings beyond spot trading to include futures, options, staking, and an NFT marketplace, catering to a diverse user base.
For its 8th anniversary, Binance is hosting a "Crypto Meteor Shower" celebration with over $2.88 million in rewards, including a chance to win a share of up to 888,888 BNB. This celebration, running from July 8th to July 15th, includes daily challenges and interactive quests designed to engage its vast global community. As Binance enters its ninth year, it remains a key player, continually influencing the adoption and evolution of digital assets worldwide.