Founded year: 2018
Credited votes: 8 of 11
Problems resolved: 0
Owners responses: 0
4.75
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.

Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due to China's increasing regulation of cryptocurrency.

History
CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets.

The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.[3] By March 2018 the company had established offices in Taiwan.

As of January 2018 it was largest cryptocurrency exchange with a market capitalization of $1.3 billion.

In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.[5] In April 2018, Binance signed a Memorandum of Understanding (MoU) with the Government of Bermuda. Months later, a similar memorandum was signed with the Malta Stock Exchange to develop a platform for trading security tokens. In 2019, company announced Binance Jersey, an independent entity from its parent Binance.com exchange, with the aim to expand its European influence. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound.

In August 2018, Binance along with three other big exchanges raised $32 million for a stable coin project. The idea of stable coins is to provide a cryptocurrency without the notorious volatility of Bitcoin and other popular digital assets.

In January 2019, Binance announced that it had partnered with Israel-based payment processor Simplex to enable cryptocurrency purchases with debit and credit cards, including Visa and Mastercard. The purchases are subject to Simplex’s local bank policies and are limited to Bitcoin, Ethereum, Litecoin and Ripple’s XRP.

On May 7, 2019, Binance revealed that it had been the victim of a “large scale security breach” in which hackers had stolen 7,000 Bitcoin worth around U.S.$40 million at the time. Binance CEO Changpeng Zhao said the hackers “used a variety of techniques, including phishing, viruses and other attacks” and structured their transaction “in a way that passed our existing security checks.” Binance halted further withdrawals and deposits but allowed trading to continue. The site pledged to reimburse customers through its secure asset fund.

In September 2019, the exchange began offering perpetual futures contracts, allowing leverage as high as 125 times the value of the contracts. In November 2019, Binance acquired Indian bitcoin exchange WazirX.

On February 21, 2020, the Malta Financial Services Authority issued a public statement responding to media reports referring to Binance as a ‘Malta-based cryptocurrency’ company. The statement noted that Binance “is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.” The MFSA added that it was “assessing if Binance has any activities in Malta which may not fall within the realm of regulatory oversight.”

On October 28, 2020, Forbes staff released leaked documents alleging that Binance and Changpeng Zhao (also known as CZ) created an elaborate corporate structure designed to intentionally deceive United States regulators and secretly profit from cryptocurrency investors.
- wikipedia
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On the right track

Score
5
approved
This could be the ETH killer. Gass fees are reasonable. New coins are easy to start and rise quickly. I think this one really is the future.......
08.04.2021 23:48

Best

Score
5
unapproved
I love it. I use it to buy alt coins and monitor my finances so it is the best exchange on the market even for new comers and seasoned investors and traders
Portal administration
there is no proof
08.04.2021 14:23

crypto exchange

Score
5
unapproved
I always use Binance when trading, so I definitely trust this platform in handling my assets. For more than 5 years using this, I didn't encounter any kind of negative issues on all my transactions so I will rate binance the highest 5 score.
07.04.2021 12:49

The best plataform of the moment

Score
5
approved
In my personal opinion, binace for me has been a pillar in these hard times of pandemic, I currently live in Venezuela, for no one is a secret that our currency is devalued every day more and with this platform called binance I have been able to keep my money at Except, multiplying it with each option that he gives us to our liking, he learned from scratch with his online academy, the best of all to explain step by step. Reliable and responsible when having any inconvenience. The 100% recommendation and I consider myself #BinanceLovers
07.04.2021 11:13

trusteble

Score
5
unapproved
most I trust with my fund, if they r hacked, they have a reserve a fund for that, so, my assets never lose.
06.04.2021 15:14

They are good!

Score
3
approved
They have one of the best support, and I think there is something CZ is doing right other exchanges should emulate for their own survival. And I think it is an amiable Research and Development tank that dredges up all those wonderful ideas. Binance is following the way of the future and I truly trust it to lead the way for crypto
06.04.2021 05:22

Qdrh3Aa5ifqG2hdwppR2rFVbYneKbzWq1e

Score
5
approved
Binance is a leading central exchange in the field of electronic currency trading with support in all languages ​​of the world and has the lowest trading fees, withdrawals and its official coin bnb.
06.04.2021 02:35

Good exchange

Score
5
approved
I am using Binance and like its trading fee 0.08 - 0.10%. This is the most popular crypto exchange we use in the world. Hope Binance will list more potential tokens in future.
05.04.2021 23:31

The best

Score
5
approved
Love the platform, easy going, fast, I like the promotions. 100% recommended. The p2p option provided is very smart. It was easy to register and security verified. Don't hesitate to use it.
05.04.2021 05:51

Beat exchange in my life

Score
5
approved
Best cryptocurrency exchanger in my whole life. I am using Binance since 2017, always like it never disappointed.so guys if you a Crypto trader so must use Binance.
04.04.2021 20:15
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