Binance: A Brief History
Binance, one of the world's largest cryptocurrency exchanges, was founded in 2017 by Changpeng Zhao (CZ). Initially based in China, Binance quickly relocated to Japan and later settled in Malta due to regulatory concerns. The exchange gained popularity for its extensive selection of cryptocurrencies and competitive fees.
Key Milestones
- *2017:* Binance launches with an ICO, raising $15 million.
- *2018:* Binance Coin (BNB) is introduced, offering discounts on trading fees.
- *2019:* Binance launches Binance Smart Chain (BSC), a rival to Ethereum.
- *2020:* Binance expands its services, introducing staking, lending, and other DeFi products.
Today
Binance has become a leading cryptocurrency exchange, offering a wide range of services, including spot trading, futures, and options. With a strong focus on innovation and customer satisfaction, Binance continues to shape the cryptocurrency landscape. Despite facing regulatory challenges, Binance remains a dominant player in the industry.