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Binance, established in July 2017 by Changpeng “CZ” Zhao and Yi He, rapidly grew into the world’s largest crypto exchange by daily trading volume, listing over 350+ cryptocurrencies and serving 230 million+ users . It offers services like spot and futures trading, margin, staking, savings, NFT marketplace, OTC, BNB token utility, Binance Smart Chain (now BNB Chain), Launchpad, Trust Wallet, and educational resources . Following 2023 legal settlements for money‑laundering violations—including a $4 billion fine and CZ’s resignation—CEO Richard Teng has steered the company toward global regulatory compliance . Binance continues innovating in decentralized finance while expanding worldwide under tighter oversight.