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.
Binance has launched the Binance Junior app, allowing children aged 6–17 to save and earn crypto under full parental supervision.
As Bitcoin reserves on Binance continue to drop, many fear it’s a sign of lost faith. However, experts argue it’s actually a bullish trend in disguise.
The appointment creates a dual CEO structure as Binance approaches 300 million registered users worldwide.