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.
A trader made $1 million after unusual BROCCOLI714 trading on BNB Chain, as Binance denied any hack and reviewed the activity.
Binance Coin (BNB) is now listed on Gemini, allowing US users to trade and store the token on a regulated platform.
Trust Wallet’s users lost roughly $7 million to hackers due to a security flaw in its 2.68 version.