#BinanceTurns8 Binance, celebrating its eighth year of operations in July 2025, stands as the world's leading cryptocurrency exchange and a pivotal infrastructure provider for the blockchain ecosystem, driven by a mission to increase the freedom of money globally. Founded in 2017 by Changpeng Zhao (CZ), it has rapidly evolved from a crypto-to-crypto trading platform into a comprehensive blockchain powerhouse. Despite initially being based in China, regulatory shifts prompted its global expansion, operating with a decentralized structure and no official headquarters, while serving millions of users in over 130 countries.
The platform offers an extensive suite of services, including spot and futures trading for hundreds of cryptocurrencies, a robust NFT marketplace, and various passive income opportunities through staking, savings, and liquidity farming via Binance Earn. Its native token, BNB, acts as the backbone of the BNB Chain , offering transaction fee discounts, enabling smart contract execution, and serving as a governance token within the thriving ecosystem of decentralized applications (DApps). Binance also facilitates fiat on-ramps, allowing users to deposit over 20 fiat currencies, and provides the Binance Card, a Visa debit card for spending crypto assets globally with cashback rewards.
Security remains a paramount concern for Binance, which employs a multi-faceted approach. This includes mandatory two-factor authentication (2FA), advanced encryption, real-time monitoring of suspicious activity, and the Secure Asset Fund for Users (SAFU), an emergency insurance fund valued at over $1 billion to protect users against potential breaches. The majority of user funds are held in cold storage, minimizing exposure to online threats. Furthermore, Binance maintains stringent Know Your Customer and Anti-Money Laundering compliance programs across the 21 countries where it is officially licensed, adhering to international sanctions and cooperating with law enforcement through a dedicated portal.
