#CryptoClarityAct Binance, founded in 2017 by Changpeng Zhao, quickly became the world's largest cryptocurrency exchange. Initially based in China, it moved operations due to regulatory issues. Binance introduced its native token, BNB, and expanded into various crypto services, including trading, staking, and DeFi. Despite its success, Binance faced legal challenges from multiple governments regarding compliance and security. In 2023, Zhao stepped down as CEO amid regulatory scrutiny. However, Binance continues to innovate, offering a broad range of financial products to millions worldwide. Its journey reflects the rapid rise and evolving challenges of the crypto industry.