Binance is one of the world’s largest cryptocurrency exchanges, offering a platform for trading hundreds of digital assets. Founded in 2017 by Changpeng Zhao (CZ), Binance quickly gained popularity due to its low trading fees, extensive coin selection, and advanced trading features.
The exchange supports spot, futures, and margin trading, along with staking, lending, and decentralized finance (DeFi) services. Binance also has its own blockchain, the BNB Chain, which powers its native token, BNB. This token is used for transaction fees, staking, and participation in token sales on Binance Launchpad.
Security has been a key focus, but Binance has faced regulatory scrutiny in multiple countries. It has taken steps to comply with global financial laws, such as implementing KYC (Know Your Customer) measures. Despite legal challenges, Binance remains a dominant force in the crypto industry.
Binance also operates Binance.US, a separate platform for American users, and has expanded into non-fungible tokens (NFTs), payment solutions, and institutional services. With a strong ecosystem and continuous innovation, Binance continues to influence the future of cryptocurrency trading and blockchain adoption.
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