Top 5 Bitcoin Facts

1.One of the largest in the world: Binance is one of the largest cryptocurrency exchanges globally by trading volume. During peak periods, the daily trading volume on the exchange has reached hundreds of billions of dollars. This makes it a key player in the cryptocurrency market.

2. Rapid growth and global expansion: Founded by Changpeng Zhao (CZ) in July 2017, Binance managed to grow very quickly and expand its presence worldwide. Initially based in China, it later moved its operations due to regulatory restrictions and continued its global expansion by creating localized platforms and acquiring other crypto projects.

3. Own cryptocurrency BNB (Binance Coin): Binance has its own cryptocurrency, Binance Coin (BNB), which was initially issued during an ICO. BNB is used to pay fees on the exchange at a discount and also has numerous other applications within the Binance ecosystem and beyond (for example, paying for goods and services, participating in ICOs on Binance Launchpad). BNB is one of the leading cryptocurrencies by market capitalization.

4. Wide range of services: Binance offers more than just spot and futures trading of cryptocurrencies. The platform includes many other services such as margin trading, crypto lending (Binance Lending), staking, an NFT marketplace, Binance Pay (a service for cryptocurrency payments), Binance Earn (various ways to earn passive income from cryptocurrencies), and much more. This makes Binance a comprehensive crypto ecosystem.

5. Continuous development and innovation: Binance is known for its active development and the introduction of new features and products. The exchange constantly adds support for new cryptocurrencies, improves its platform, launches new services, and adapts to chaning regulations in different countries. This commitment to innovation allows Binance to remain one of the leaders in the crypto industry.$BTC