Binance is one of the world’s largest cryptocurrency exchanges, founded in 2017 by Changpeng Zhao (known as "CZ"). Here's a quick overview:
Key Features of Binance:
Wide Range of Cryptocurrencies: Offers trading for hundreds of cryptocurrencies including Bitcoin ($BTC ), Ethereum ($ETH ), $BNB (Binance Coin), and many altcoins.
Trading Options: Supports spot trading, futures, margin trading, and options.
Binance Coin (BNB): Its native token is used for trading fee discounts, launchpad access, and more.
Binance Smart Chain (BSC): A blockchain platform for building decentralized apps (DApps) and DeFi protocols.
Security: Offers features like 2FA, withdrawal whitelist, and device management. However, it has faced regulatory scrutiny in several countries.
Global Reach: Operates in many countries but has faced restrictions in the U.S., UK, and others. It has a separate U.S. platform: Binance.US.
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