?What is Binance and who is its founder
Binance, one of the world's largest and most popular cryptocurrency exchanges, was founded in 2017 by Changpeng Zhao (CZ) and Yi He.
*The Founders:*
1. *Changpeng Zhao (CZ)*: A Chinese-Canadian entrepreneur and programmer, CZ is the CEO of Binance. He previously worked at Bloomberg and Thomson Reuters, and was also the CTO of OKCoin.
2. *Yi He*: A Chinese entrepreneur and investor, Yi He is the co-founder and CMO of Binance. She has a background in finance and marketing.
*The Creation Story:*
CZ and Yi He met while working at OKCoin, where CZ was the CTO. They shared a vision of creating a more secure, efficient, and user-friendly cryptocurrency exchange.
In July 2017, CZ and Yi He founded Binance in Shanghai, China. The exchange was initially called "Binance" (a combination of "binary" and "finance").
*Key Milestones:*
1. *ICO (Initial Coin Offering)*: Binance conducted an ICO in August 2017, raising $15 million in funding.
2. *Launch*: Binance launched its exchange platform in September 2017.
3. *Rapid Growth*: Binance quickly gained popularity due to its user-friendly interface, high liquidity, and low fees.
4. *Expansion*: Binance expanded its operations to Malta in 2018, and later to other countries, including the United States, Singapore, and Uganda.
Today, Binance is one of the largest and most influential cryptocurrency exchanges in the world, with a daily trading volume of over $10 billion.