Binance is one of the largest cryptocurrency exchanges in the world, known for its wide range of supported coins, high liquidity, and relatively low trading fees. It also offers various features like futures trading, staking, and a launchpad for new projects.

However, Binance has faced regulatory scrutiny in multiple countries over compliance issues, which has raised concerns about its long-term stability and adherence to financial regulations. Its decentralized structure and lack of a clear headquarters add to the regulatory challenges.