Binance

Table of Contents

Introduction

Binance is a leading cryptocurrency exchange that facilitates the trading of various digital assets on a global scale. The platform has rapidly become one of the world's most popular exchanges, and it is renowned for its robust security features and extensive selection of trading pairs. Binance, founded in 2017 by Changpeng Zhao, has its headquarters in Malta and offers its services in more than 180 countries worldwide. Since its inception, the platform has expanded rapidly, and it now has over 20 million registered users and daily trading volumes that exceed billions of dollars.

Company Stats

Foundation date	2017
Headquarter	Malta
CEO	Changpeng Zhao
Trading volume	$14 billion

Technology

The platform supports over 500 cryptocurrencies, and traders have access to a vast array of trading pairs, such as Bitcoin, Ethereum, Binance Coin, and many others. Binance supports both spot and futures trading, with up to 125x leverage available on certain futures contracts. In addition, the platform offers margin trading, which permits traders to borrow funds in order to increase their trading positions

Furthermore, Binance provides numerous order types, such as limit orders, market orders, stop-limit orders, stop market orders, trailing stop orders, post-only orders, and one-cancels-the-other orders.

The security measures of Binance are a further feature that stands out. To protect user funds, the platform employs advanced security measures, such as two-factor authentication via the Google Authenticator app or the brief message service (SMS), address whitelisting, device management, cold storage for user funds, and regular security audits.

The platform provides a mobile application that permits users to access their accounts and trade while on the go. Binance has its own cryptocurrency, Binance Coin (BNB), that users can use to pay the platform's trading fees. In addition, Binance provides a variety of educational tools and resources to help traders improve their skills and make informed investment decisions.

Investment

In 2021, Binance sponsored the Africa Cup of Nations. It is also expanding crypto education to numerous African nations.

In October 2022, Binance invested a substantial amount of money, $500 million, to aid Elon Musk's acquisition of Twitter. Binance subsequently announced its plans to create a team to explore the potential benefits of blockchain and cryptocurrency for Twitter.

On November 30, 2022, Binance acquired Sakura Exchange, a move that allowed the company to re-enter the Japanese crypto market.

Management Team

Binance management team includes He Yi, a Co-Founder & Chief Marketing Officer, Patrick Hillmann, Chief Communications Officer, Ted Lin, Chief Executive Officer, Tyler Olsen, President and many others.