Binance: An Overview
Founded in 2017 by Changpeng Zhao, Binance rapidly became the world's largest cryptocurrency exchange. Its ecosystem includes trading, finance, education, and even charity initiatives.
Matching Engine Innovation
Binance's trading platform is renowned for its performance, capable of handling 1.4 million transactions per second. This high-speed matching engine underpins its robust trading capabilities.
Binance Coin (BNB)
Initially an ERC-20 token, BNB migrated to Binance's own blockchain, Binance Chain, in April 2019. It's used for trading fee discounts, transactions, and in various blockchain applications.
Decentralized Finance (DeFi) Push
Binance Smart Chain, parallel to Binance Chain, offers smart contract functionality and interoperability, fostering a vibrant ecosystem for DeFi applications to thrive.
Regulatory Compliance Efforts
Facing regulatory scrutiny, Binance has ramped up compliance, implementing Anti-Money Laundering (AML) measures and Know Your Customer (KYC) policies.
Binance's Global Expansion
Despite its global presence, Binance has faced resistance in several countries. They navigate this by adapting to local regulations and forming strategic partnerships.
Binance & Sustainability
Binance launched the 'Binance for Children' initiative, focusing on improving education for children in Uganda. They also support sustainability through blockchain-enabled green projects.
Who founded Binance in 2017?
Satoshi Nakamoto
Changpeng Zhao
Brian Armstrong
Company
