Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
Binance

Binance

Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao.

Overview

Binance is an operator of a blockchain-based cryptocurrency exchange intended to facilitate exchanges at a lower trading costs. The company provides access to digital currency pairs that can be exchanged on the market, while offering security, liquidity, and a safe cryptocurrency exchange. Binance features a strong emphasis on altcoin trading, offering crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including popular Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own Binance Coin (BNB).

Founded in 2017 by Changpeng Zhao and Yi He, the company moved its headquarters to Malta in 2018, in response to increasing regulations on cryptocurrency in China.

Exchange

Binance's exchange service allows users to trade over 600 cryptocurrencies. Binance's transaction fees are lower than .10 percent. The company boasts $76 billion in 24-hour trading volume on the exchange and has 90 million registered users. As well, Binance offers NFT purchases and trading, to allow users to get into NFTs with lower barriers.

To increase trust, Binance offers a Secure Asset Fund for Users (SAFU), in which 10 percent of all trading fees are stored in a secure asset fund to protect a share of user funds. And the exchange offers personalized access control, including restricting devices and addresses that can access an account. For the exchange, Binance offers applications for iOS, Android, MacOS, Windows, and Linux and an API and Android APK.

Binance Pay

Binance Pay, developed by Binance, is a contactless, borderless payment technology intended to allow people to send and receive cryptocurrencies and shop and pay with cryptocurrency. The service is intended to be offered with no fees. As part of this, users can set up payment preferences, such as the cryptocurrency they prefer to pay in, with fast payment transaction times, and allows users to choose over forty cryptocurrencies to use for payments.

Binance Card

Offered by Binance and Visa Debit, the Binance Card allows users to spend cryptocurrencies at more than 60 million merchants worldwide. In order to work, users need to transfer cryptocurrency from a spot wallet to their funding wallet, and then the card works as any other Visa Debit card. The card does not charge any administrative or processing fees, although third-party fees may be applicable. And users can receive up to 8 percent cashback on eligible purchases.

Binance Launch Platform

Binance's Launch Platform, which includes their Launchpad and Launchpool, are platforms intended to help cryptocurrency teams to launch their token. This includes help and advice on how to best issue a token, and other advisory services. As part of this platform, Binance offers the company's exposure, liquidity, and distribution possibility with the size of the company's exchange.

Binance Academy

To help users learn about all things cryptocurrency, blockchain, and NFT, Binance offers the Binance Academy, which includes quick lessons on different parts of the emerging blockchain and Web3 and helps users understand mining and develop trading strategies with technical analysis.

Timeline

February 19, 2022
Space Crypto GameFi maunches mainnet on BNB chain.
February 18, 2022
Binance Liquid Swap adds ILV and opens two new liquidity pools.
February 18, 2022
Binance resumes GBP bank transfers with Paysafe.
February 17, 2022
Binance Staking launches high-yield center: stake and get up to 104.62%.
February 17, 2022
Binance will support network upgrades and Helium (HNT) Hard Fork.
February 11, 2022
Price analysis 2/11: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE.
February 10, 2022
Binance announces a strategic partnership with YG Entertainment.
February 10, 2022
Binance is strategically investing $200 million in Forbes (a 104-year-old magazine and digital publishing house).
February 10, 2022
Binance and Netmarble F&C sign MoU for a strategic partnership to build a global P2E and NFT ecosystem.
February 8, 2022
Bitcoin overtakes Berkshire Hathaway as the world's ninth most valuable asset.

Funding rounds

Products

Acquisitions

Invested in

Patents

Further Resources

Title
Author
Link
Type
Date

🔥🤑 LA MEJOR ESTRATEGIA PARA HACER TRADING EN BINANCE - 90%💰 DE EFECTIVIDAD 💪🏽

Web

July 25, 2021

🔥ТОП 6 IDO-площадок с низким порогом входа! Большие ИКСЫ с минимальным вложением

Web

November 17, 2021

🔴 LIVE TRADING. СКАЛЬПИНГ В ПРЯМОМ ЭФИРЕ НА БИРЖЕ BINANCE

Web

February 21, 2022

$100 A Day Trading On Binance - Cryptocurrency Trading For Beginners

Web

April 4, 2018

...

News

Title
Author
Date
Publisher
Description
Celsius Network
June 28, 2021
www.prnewswire.com:443
/PRNewswire/ -- Celsius Network, the industry-leading cryptocurrency yield-earning platform, announces today the addition of Polkadot (DOT), Bancor Network...
June 13, 2021
The Economic Times
The overall market capitalization of the crypto-asset markets has taken a nose-dive of almost more than 5-7 per cent after the pull-back from lows.
Yogita Khatri
May 20, 2021
The Block
Binance Smart Chain's PancakeBunny protocol was exploited using flash loans. The attacker drained $45 million from the ecosystem.
Tegan Jones
April 21, 2021
Gizmodo Australia
Here's everything you need to know about the new hot 'cryptocurrency' SafeMoon, including step by step instructions on how to buy it.
Omar Faridi
April 17, 2021
Crowdfund Insider
Binance may add stock tokens Coinbase (COIN), after adding Tesla (TSLA), reports record-breaking BNB token burn.
SHOW MORE

References

...
Golden logo
By using this site, you agree to our Terms & Conditions.