$BNB Binance Turns: 150-Word Overview

Binance is one of the world’s largest and most popular cryptocurrency exchanges. It was founded in 2017 by Changpeng Zhao, also known as "CZ." Initially based in China, Binance quickly grew due to its user-friendly interface, wide range of supported cryptocurrencies, and low trading fees. Later, it moved its operations out of China due to government regulations and has operated in various jurisdictions.

Binance offers services such as spot trading, futures trading, staking, crypto savings, and a launchpad for new tokens. Its native token, BNB (Binance Coin), is used for trading fee discounts and various features within the Binance ecosystem.

The platform has faced regulatory challenges in multiple countries but continues to expand and adapt. With the launch of Binance Smart Chain (BSC), it has entered the decentralized finance (DeFi) space, allowing developers to build dApps. Today, Binance remains a global leader in cryptocurrency innovation and adoption.