Binance exchange-best cryptocurrency exchange

 Binance exchange is a worldwide digital money trade that gives an exchanging stage to in excess of 100 digital currencies. Since the beginning of 2018, Binance has been considered the largest cryptocurrency exchange in the world in terms of trading volume.

Binance's English "Binance" name is based on a combination of the words binary and finance. Binance’s currency trading service started in 2017 and can process around 1.4 million orders per second, offering trading in over 150 cryptocurrencies, including popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and its own BNB token. currency. In June 2022, Bloomberg reported that the U.S. Securities and Exchange Commission investigated Binance’s 2017 initial coin offering (ICO) for violations of securities laws.

FOUNDER

The founder of Binance is Changpeng Zhao. In 2005, Changpeng Zhao founded Fuxun in Shanghai, which specializes in establishing high-frequency trading systems for securities firms. In 2013, Changpeng Zhao joined Blockchain.info's cryptocurrency wallet team as the third member of the group. Changpeng Zhao was the CTO of OKCoin, an electronic trading platform, for less than a year.

HISTORY 

Binance was founded in China, but since September 2017, the Chinese government banned cryptocurrency trading, and Binance moved its servers and headquarters to Japan. 

In 2018, Binance opened an office in Taiwan.

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As of January 2018, Binance is the world's largest cryptocurrency exchange, with a market value of its cryptocurrency BNB at $1.3 billion.

In March 2018, Binance announced that it will open a new office in Malta due to the strict regulation of cryptocurrencies in China and Japan.

In April 2018, Binance signed a memorandum of understanding with the Bermuda government. A few months later, Binance signed a similar memorandum with the Malta Stock Exchange to develop a cryptocurrency trading platform. In addition, in order to expand its influence in Europe, Binance plans to move to Jersey and obtain a local exchange license, adding trading pairs including EUR and GBP.