Brief About Binance
Binance is one of the largest cryptocurrency exchanges in the world. It was founded in 2017 by Changpeng Zhao (commonly known as “CZ”) and has grown rapidly due to its wide range of offerings, including:
• Spot trading: Buying and selling cryptocurrencies directly.
• Futures and derivatives: Trading crypto contracts with leverage.
• Binance Earn: Earning interest on crypto holdings.
• Launchpad: A platform for new crypto projects and token sales.
• Binance Smart Chain (BSC): A blockchain platform for decentralized applications (dApps) and DeFi services.
Binance operates globally, although it has faced regulatory scrutiny in several countries, leading to changes in how it offers services in certain regions.