#BinanceTurns8
Binance, founded by Changpeng Zhao (CZ) in July 2017, quickly became the world's largest cryptocurrency exchange by trading volume. Initially launched in China, it relocated due to regulatory pressures, establishing operations in Malta and other jurisdictions. Binance introduced its native token, **BNB**, which became central to its ecosystem, offering trading fee discounts and utility across its platforms.
Key milestones include the launch of **Binance Smart Chain (BSC)** in 2020, expanding into DeFi and NFTs, and the creation of Binance Academy, Labs, and Charity. Despite regulatory challenges, Binance grew through innovation, acquisitions, and global expansion.
In July 2024, Binance celebrated its **8th anniversary**, marking its resilience and dominance in crypto. The anniversary featured user rewards, new product launches, and reflections on its journey from a startup to an industry leader. Binance continues to shape the future of blockchain and digital assets.
