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 brought the Open Loot trading competition and token airdrop, which triggered a sudden selloff of OL tokens.
Hyperliquid is challenging Binance with perpetual futures trading volume of $248 billion, a figure that marks an 843% increase MoM.
A Chainlink whale’s massive transfer to Binance sparks selloff fears amid a broader market decline.