#BSCProjectSpotlight

Binance: Founding and Early History

Binance was founded in July 2017 by Changpeng Zhao (often referred to as CZ) and Yi He. The cryptocurrency exchange was initially launched in China but quickly moved its headquarters due to regulatory challenges, eventually settling in Malta.

Key Founding Details

Founder: Changpeng Zhao (CZ)

Co-Founder: Yi He

Founding Date: July 2017

Initial Location: China (later relocated)

Current Headquarters: Initially Malta, then moved operations due to regulatory changes

The exchange rapidly became one of the world's largest cryptocurrency trading platforms, known for its wide range of cryptocurrency trading pairs, low transaction fees, and innovative blockchain ecosystem. Binance raised approximately $15 million through an Initial Coin Offering (ICO) in 2017, which helped fuel its explosive growth in the cryptocurrency market.

By 2018, Binance had already established itself as a major player in the global cryptocurrency exchange landscape, expanding its services to include spot trading, futures trading, and various blockchain-related financial products