Binance is a cryptocurrency exchange platform that combines digital technology and finance.
Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world.
The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017. By March 2018 the company had established offices in Taiwan. As of September 2018 it was largest crypto-exchange with a BNB market capitalization of $1.3 billion.
BNB price fluctuated between $1,070 and $1,200 on Sunday, Oct 19 as Binance Wallet banned 600 user accounts for automated bot trading misuse.
Binance’s CZ has stated that it is now a mandatory step for any BNB DAT project looking to secure investment from YZi Labs to use a third-party custodian.
France’s ACPR is inspecting Binance and other crypto exchanges registered as PSANs to assess anti-money laundering compliance.