GREAT MAN CZ SALUTE YOU
.Binance, one of the world's leading cryptocurrency exchanges, has had a remarkable and rapid journey since its inception in 2017. Founded by Changpeng "CZ" Zhao, a seasoned software developer with experience in high-frequency trading systems and early crypto projects, Binance quickly ascended to become a dominant force in the digital asset space.
Here's a timeline of key milestones in Binance's journey:
2017: The Genesis and Rapid Rise
* July 2017: Binance officially launches following a successful Initial Coin Offering (ICO) for its native token, Binance Coin (BNB). The ICO raised approximately $15 million, with BNB initially operating on the Ethereum blockchain as an ERC-20 token. The platform immediately gained traction due to its low trading fees and user-friendly interface.
* September 2017: Facing a ban on cryptocurrency trading in China, Binance strategically moves its servers and headquarters out of the country, demonstrating its agile approach to regulatory landscapes.
2018: Global Expansion and Ecosystem Building
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January 2018: Within just six months of its launch, Binance becomes the largest cryptocurrency exchange globally by trading volume.
* March 2018: Binance announces plans to open offices in Malta, seeking a more crypto-friendly regulatory environment.
* April 2018: Binance signs a memorandum of understanding with the government of Bermuda and launches the Binance Charity Foundation, indicating its broader vision beyond just trading.
* July 2018: Binance acquires Trust Wallet, a decentralized cryptocurrency wallet, further expanding its service offerings.
* Throughout 2018: Binance begins its aggressive global expansion, establishing presences and seeking compliance in various jurisdictions, including Japan and Taiwan. BNB transitions to Binance's own blockchain, Binance Chain.
2019: Diversification and Innovation
* January 2019: Binance partners with Simplex to enable crypto purchases with credit/debit cards, lowering the barrier to entry for new users.
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