Binance
A global cryptocurrency exchange, mentioned as a potential competitor to Nasdaq in the crypto trading space.
First Mentioned
9/9/2025, 6:17:37 AM
Last Updated
9/9/2025, 6:20:49 AM
Research Retrieved
9/9/2025, 6:20:49 AM
Summary
Binance is a cryptocurrency exchange founded in 2017 and registered in the Cayman Islands, which has become the world's largest by daily trading volume. Founded by developer Changpeng Zhao, who previously created high-frequency trading software, Binance was initially based in China before relocating its headquarters prior to Chinese government regulations on cryptocurrency trading. In 2021, the exchange faced investigations from the United States Department of Justice and Internal Revenue Service concerning allegations of money laundering and tax offenses. Additionally, the UK's Financial Conduct Authority ordered Binance to cease all regulated activities in the United Kingdom in June 2021, and in the same year, Binance shared client data, including names and addresses, with the Russian government. The CEO of Nasdaq, Adena Friedman, mentioned Binance as a competitor in the crypto space, particularly if Nasdaq were to integrate tokenized securities into its markets, which would require regulatory clarity.
Referenced in 1 Document
Research Data
Extracted Attributes
Type
Cryptocurrency exchange
Founded
2017
Founder
Changpeng Zhao
Key Token
BNB (Build'N'Build)
Stablecoin
Binance USD (BUSD)
Initial Base
China
Global Ranking
World's largest by daily trading volume
Registered Users
Over 270 million
Average Daily Volume
$65 billion
European Headquarters
17, Rue de la Vanne, Quartier Montrouge Est, Montrouge, Antony, Hauts-de-Seine, France métropolitaine, 92120, France
Countries of Operation
Over 180 countries
Registered Headquarters
Cayman Islands
Spot Transactions (2022)
300 billion
Cryptocurrencies Available
Over 500
Timeline
- Binance was founded. (Source: summary, Wikidata, DBPedia, web_search_results)
2017-01-01
- Binance was launched. (Source: web_search_results)
2017-07-01
- Became the largest cryptocurrency exchange with a market capitalization of $1.3 billion. (Source: web_search_results)
2018-01-01
- Announced intentions to open an office in Malta due to stricter regulations in Japan and China. (Source: web_search_results)
2018-03-01
- Signed a memorandum of understanding with the government of Bermuda. (Source: web_search_results)
2018-04-01
- The BNB token moved from the Ethereum network to the BNB Smart Chain. (Source: web_search_results)
2020-09-01
- Faced investigations from the United States Department of Justice and Internal Revenue Service concerning allegations of money laundering and tax offenses. (Source: summary, DBPedia)
2021-01-01
- The UK's Financial Conduct Authority ordered Binance to cease all regulated activities in the United Kingdom. (Source: summary, DBPedia)
2021-06-01
- Shared client data, including names and addresses, with the Russian government. (Source: summary, DBPedia)
2021-01-01
- Binance Coin was renamed to Build'N'Build (BNB), and Binance Smart Chain was also renamed. (Source: web_search_results)
2022-02-01
- Bloomberg reported that Binance-Peg BUSD was often undercollateralized between 2020 and 2021. (Source: web_search_results)
2023-01-01
Web Search Results
- Binance - Cryptocurrency Exchange for Bitcoin, Ethereum & Altcoins
Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. With low fees and over 500 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets. With Binance users can: - Trade hundreds of cryptocurrencies on Spot, Margin, and Futures markets. - Buy and sell cryptocurrencies with Binance P2P. - Earn interest on your crypto with Binance Earn. [...] Binance.com is read-only in your country or region. Visit Binance.US, our U.S. regulated partner to start your crypto journey. Visit Binance.US # TRUST US Sign Up Or Continue With Sign in with GoogleSign in with Google. Opens in new tab Download App Scan to Download App iOS & Android More Download Options New Listing $112,353.25 +1.30%ETH Ethereum $4,420.26 +0.20%BNB BNB $850.46 +0.25%XRP XRP $2.85 +0.11%SOL Solana $206.90 -0.33% View All 350+ Coins SOMI Somnia $0.5257
- About - Binance
Today, Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Our mission is to be the infrastructure provider for crypto in tomorrow’s world. Our Ecosystem Our platform is trusted by millions worldwide, and features an unmatched portfolio of financial product offerings. Binance Exchange Binance Exchange is the largest crypto exchange by trade volume. Binance Research [...] Changpeng Zhao, known as CZ, is a serial entrepreneur with an impressive track record of successful startups. He launched Binance in July 2017 and, within 180 days, grew Binance into the largest digital asset exchange in the world by trading volume. An pioneer within the blockchain industry, CZ has built Binance into the leading blockchain ecosystem, comprised of Binance Exchange, Labs, Launchpad, Academy, Research, Trust Wallet, Charity, NFT, and more. CZ spent his youth flipping burgers [...] AboutCareersPressCommunity # Welcome to Binance At Binance, we believe that everyone should have the freedom to earn, hold, spend, share and give their money - no matter who you are or where you come from. $65 bn Average daily volume 300 bn Spot transactions in 2022 Customer Support in 40 languages Our Mission
- Binance - Wikipedia
In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion, a title it had retained as late as April 2021, despite competition from Coinbase, among others. In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China. In April 2018, Binance signed a memorandum of understanding with the government of Bermuda. Months later, a similar memorandum was signed with the Malta Stock Exchange to [...] ### Binance USD Binance USD (BUSD) was a US dollar-pegged stablecoin issued by Paxos on the behalf of Binance. In January 2023, Bloomberg reported that Binance-Peg BUSD "was often undercollateralized between 2020 and 2021. On three separate occasions, the gap between reserves and supply surpassed $1 billion." A Binance spokesperson said the "process of maintaining the backing ... has not always been flawless" but "has been much improved with enhanced discrepancy checks." [...] BNB (Build'N'Build) is a token on the BNB chain. It was originally called Binance Coin when it was launched in July 2017, for users to pay fees on the company's platform. By 2021, BNB had the third highest market capitalization among cryptocurrencies. The token was initially on the Ethereum network, then moved to BNB Smart Chain when it was released in September 2020. In February 2022, the company changed the token's name to Build'N'Build. At that time, Binance Smart Chain was also renamed to
- BINANCE HISTORY | Susmita Pathak Kar on Binance Square
Binance was established in 2017, during a period of growing interest in digital currencies, particularly Bitcoin and Ethereum. Its inception coincided with a cryptocurrency boom that saw rapid increases in both trading volume and public interest. Starting as a cryptocurrency-to-cryptocurrency trading platform, Binance set itself apart by offering a wide range of altcoins, which are alternative cryptocurrencies to Bitcoin. It attracted users with its high-speed processing capability and [...] Binance has become one of the largest and most influential cryptocurrency exchanges in the world. Launched in 2017 by Changpeng Zhao (often known as CZ), Binance has quickly risen to prominence in the digital asset ecosystem, providing a wide array of services beyond simple cryptocurrency trading. Known for its innovative approach, vast selection of cryptocurrencies, and global reach, Binance has reshaped the cryptocurrency landscape. The Beginnings and Rise of Binance [...] Binance has expanded its services over the years, offering much more than simple cryptocurrency exchange functions. Some of its major features include: 1. Spot Trading and Futures Trading: Binance is known for its wide selection of trading options. Spot trading allows users to buy and sell cryptocurrencies directly, while futures trading lets users speculate on price movements with leverage, potentially increasing gains or losses.
- Binance: Buy Bitcoin & Crypto - Apps on Google Play
Securely buy, sell, and hold cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Notcoin (NOT) and PEPE (PEPE) with low trading fees. Used by over 275 million users worldwide, Binance is the largest cryptocurrency exchange\ in the world. Here is why: TRADE YOUR FAVORITE TOKENS AND MORE Trade over 350 listed cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), PEPE (PEPE) and Notcoin (NOT). [...] Binance is the most regulated crypto exchange in the world, with licenses, registrations, and approvals across multiple jurisdictions. All user funds are held 1:1 in a Secure Asset Fund for Users (SAFU) worth $1 billion. Our system is secured with state-of-the-art security measures, including real-time risk monitoring, strict KYC protocols, and advanced end-to-end data encryption. FAST AND SECURE KYC PROCESS [...] "Binance is a reliable and secure crypto trading app. The interface is smooth, fees are very low, and the P2P feature works well. Highly recommended for both beginners and experienced traders." "The Word of the Day shows up on my Binance app, but it doesn't work." 74 people found this review helpful Binance Inc. August 25, 2025 Thank you for your review. Enjoy using & keep supporting us :) If you have any feedback or suggestion, you could write to us at We would love to hear from you!
Wikidata
View on WikidataImage
Country
Founder
Instance Of
Headquarters
Inception Date
1/1/2017
DBPedia
View on DBPediaBinance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved its headquarters out of China shortly before the Chinese government imposed regulations on cryptocurrency trading. In 2021, Binance was put under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK's Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021. In 2021, Binance shared client data, including names and addresses, with the Russian government.
Location Data
Binance European Headquarters, 17, Rue de la Vanne, Quartier Montrouge Est, Montrouge, Antony, Hauts-de-Seine, France métropolitaine, 92120, France
Coordinates: 48.8161782, 2.3289236
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