Binance
Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao.
All edits by Roman Gromov
Binance
Binance is a cryptocurrency platform, allowing users to buy Bitcoin, Ethereum, ChainLink, Rune, Cardano, Binance Coin, SHIB, and more. Binance also features art and collectibles on Binance NFT marketplace!
Binance is a cryptocurrency platform, allowing users to buy Bitcoin, Ethereum, ChainLink, Rune, Cardano, Binance Coin, SHIB, and more. Binance also features art and collectibles on Binance NFT marketplace!
Launched in July 2017, Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Throughout its history, the company has launched two cryptocurrencies which it developed itself: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using "Proof of Staked Authority", "Proof of Staked Authority", a combination of proof of stake and proof of authority. It has 21 approved validators. As of 2021, Binance Coin was the cryptocurrency with the third highest market capitalization. Binance allows its users to pay fees on its exchange with Binance Coin.
In April 2021In April 2021 the Federal Financial Supervisory Authority in Germany warned that the company risked fines for offering its securities-tracking digital tokens without publishing an investor prospectus.
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