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 is reportedly close to eliminating federal oversight from its record $4.3 billion settlement with the DOJ, potentially ending the three-year compliance monitor requirement imposed in 2023.
Binance is planning to list pump.fun (PUMP) with a seed tag, to help users remain cautious. The price of PUMP reacted positively to the listing.
Binance’s native token, BNB, reached a new all-time high of $907.33, with market data showing significant activity in the derivatives market.