Since we are all actively spending time here, let's learn interesting facts about our favorite exchange.
1. Binance was launched in just 14 days. •The exchange was launched by Changpeng Zhao (CZ) in July 2017.
•After the ICO of Binance Coin (BNB) for $15 million, the platform was ready in less than 2 weeks.
2. Binance became the largest exchange in the world within 180 days.
•Just six months after its launch, it outperformed all competitors in trading volume.
•At its peak in 2021–2022, the daily volume exceeded $100 billion.
3. Binance is not just one exchange, but a whole ecosystem.
It includes:
•Binance.com — global version.
•Binance.US — for the USA.
•Binance DEX — decentralized exchange.
•Trust Wallet — official storage.
•Launchpad — for launching new tokens.
•Binance Academy — educational platform.
4. Binance does not have an official headquarters.
•For many years, the company refused to disclose its jurisdiction.
•Only in 2023 did they begin opening regional offices and licenses — in France, UAE, Kazakhstan, Cyprus, and others.
5. The company has repeatedly come under regulatory pressure.
•Claims from the SEC (USA), FCA (UK), BaFin (Germany), and others.
•In 2023–2024, Changpeng Zhao stepped down as CEO and paid a $4.3 billion fine as part of a settlement with US authorities.
6. Binance periodically 'burns' its BNB tokens.
•This reduces the total supply of the token and increases its value.
•Over 44 million BNB has already been burned, equivalent to billions of dollars.
7. Binance Academy — one of the best free resources for crypto.
•Translated into multiple languages.
•Offers lessons, quizzes, glossary, and even certificates/awards for learning.
8. Binance launched its own blockchain system.
•BNB Chain (formerly Binance Smart Chain) — a popular network for DeFi and GameFi.
•Supports fast and cheap transactions.
•In 2021, it outperformed Ethereum in the number of active users.
9. Binance is implementing AI and automation.
Already available:
•Chatbots for support.
•Automatic KYC checks.
•Built-in risk management and AI analytics systems.
10. Binance supports over 350 cryptocurrencies.
•This is one of the widest selections of coins and tokens among all exchanges.
•Plus: active addition of new tokens through Launchpad and Labs.
