#BinanceTurns8 $BNB

Here’s a concise article marking Binance’s 8th anniversary:

#BinanceTurns8 A Brief Look at the Crypto Giant’s Journey**

On its 8th anniversary, Binance remains the world’s largest cryptocurrency exchange by trading volume, despite a tumultuous journey marked by rapid growth, regulatory challenges, and strategic pivots. Founded in July 2017 by Changpeng Zhao (CZ), the platform quickly rose to dominance after relocating from China ahead of the country’s crypto crackdown .

Key milestones include:

- **Global Expansion**: Binance established operations in Malta, Bermuda, and Japan (via Sakura Exchange) while facing regulatory scrutiny in the U.S., UK, and elsewhere .

- **Innovation**: Launched services like Trust Wallet, Binance Charity, and futures trading with high leverage .

- **Controversies**: Fined $4.3B by U.S. authorities in 2023 for money laundering violations, with CZ serving a 4-month prison sentence .

- **Recent Moves**: Partnered with BBVA to offer off-exchange asset custody, signaling efforts to enhance fund security post-FTX collapse .

Under CEO Richard Teng, Binance continues to adapt, balancing compliance with its mission to drive crypto adoption.