The largest cryptocurrency exchange in the world by trading volume. It was founded in 2017 by Changpeng Zhao (also holds the CEO position).
The company was registered in the Cayman Islands, with operational offices in numerous countries around the world. A separate legal entity, Binance US, was created to operate in the USA.
Binance develops BNB Chain – a decentralised, open-source ecosystem. It invests in other crypto projects through Binance Labs.
The company has the largest asset insurance fund in the industry, of approximately $1 billion worth.
In recent years, Binance has been involved in a number of regulatory cases, particularly in the US where the SEC and CFTC have complaints against the exchange. The latest complaints concern, among other things, the misuse of customer assets.
It has the highest cer.live security rating – AAA.
