Binance: Difference between revisions

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{| class="infobox" style="width:260px; font-size:90%; line-height:1.3; background:#f9f9f9; border:1px solid #aaa; float:right; margin:0 0 1em 1em;"
'''Binance''' is a global [https://en.wikipedia.org/wiki/Cryptocurrency_exchange cryptocurrency exchange] platform and is among the largest digital asset exchanges by trading volume. The platform offers a wide range of services, including spot and derivatives trading, [https://en.wikipedia.org/wiki/Non-fungible_token non-fungible tokens (NFTs)], educational resources, research initiatives, charitable programs, and user-oriented financial products. These offerings support a broad [https://en.wikipedia.org/wiki/Blockchain blockchain] ecosystem serving millions of users worldwide.
|-
! colspan="2" style="text-align:center; font-size:130%; padding:6px; background:#f2f2f2;" | '''Binance Holdings Ltd.'''
|-
| colspan="2" style="text-align:center; padding:8px;" |
[[File:Binance_logo.svg|200px|alt=Binance logo]]
|-
! Company type
| Private
|-
! Industry
| Cryptocurrency
|-
! Founded
| July 2017
|-
! Founders
| [[Changpeng Zhao]]<br>[[Yi He]]
|-
! Headquarters
| Unknown
|-
! Area served
| Worldwide
|-
! Key people
| Richard Teng<br>Yi He<br><small>(Co-CEOs)</small>
|-
! Products
| Cryptocurrency exchange<br>Cryptocurrencies
|-
! Revenue
| US$12 billion (2022)
|-
! Number of employees
| 7,000 (2023)
|-
! Subsidiaries
| Sakura Exchange<br>Trust Wallet<br>Binance Charity
|-
! Website
| [https://www.binance.com binance.com]<br>[https://www.binance.us binance.us] <small>(United States)</small>
|}


'''Binance''' is a global cryptocurrency exchange platform and is among the largest digital asset exchanges by trading volume. The platform offers a wide range of services, including spot and derivatives trading, non-fungible tokens (NFTs), educational resources, research initiatives, charitable programs, and user-oriented financial products. These offerings are designed to support a broad blockchain ecosystem serving millions of users worldwide.
Binance was founded in 2017 by [https://en.wikipedia.org/wiki/Changpeng_Zhao Changpeng Zhao], a software developer who previously worked on [https://en.wikipedia.org/wiki/High-frequency_trading high-frequency trading] systems. The exchange was initially based in [https://en.wikipedia.org/wiki/China China] and later relocated to [https://en.wikipedia.org/wiki/Japan Japan] before moving operations to [https://en.wikipedia.org/wiki/Malta Malta]. As of the mid-2020s, Binance does not maintain an officially declared corporate headquarters.


Binance was founded in 2017 by [[Changpeng Zhao]], a software developer who previously worked on high-frequency trading systems. The exchange was initially based in China but relocated operations to Japan shortly before the Chinese government imposed restrictions on cryptocurrency-related businesses. Binance later moved its operations to Malta and, as of the mid-2020s, does not maintain an officially declared corporate headquarters.
By 2025, Binance had reinforced its position in global cryptocurrency markets, accounting for approximately 41.1% of global spot trading volume and facilitating around US$2.55 trillion in [https://en.wikipedia.org/wiki/Cryptocurrency_futures cryptocurrency futures] trading. The exchange held an estimated 39.8% market share among centralized cryptocurrency exchanges during this period.


By 2025, Binance had reinforced its position in global cryptocurrency markets, accounting for approximately 41.1% of global spot trading volume and facilitating around US$2.55 trillion in futures trading. The exchange held an estimated 39.8% market share among centralized cryptocurrency exchanges during this period. Binance also expanded its regulatory licenses, introduced new trading products, and increased participation among professional and advanced traders across multiple regions.
Throughout its history, Binance has faced legal scrutiny and regulatory challenges in multiple jurisdictions, particularly related to [https://en.wikipedia.org/wiki/Anti-money_laundering anti-money laundering] compliance. The platform is restricted or banned in at least ten countries due to regulatory actions, government sanctions, or compliance concerns.


Throughout its history, Binance has faced legal scrutiny and regulatory challenges in several jurisdictions, particularly concerning compliance with anti-money-laundering regulations. The platform is restricted or banned in at least ten countries due to regulatory actions, government sanctions, or compliance-related concerns. In some regions, Binance has been fully prohibited, while in others regulatory requirements have limited or prevented its operations.
On 13 May 2021, the [https://en.wikipedia.org/wiki/United_States_Department_of_Justice United States Department of Justice] and the [https://en.wikipedia.org/wiki/Internal_Revenue_Service Internal Revenue Service] initiated investigations into Binance over potential [https://en.wikipedia.org/wiki/Money_laundering money laundering] and tax-related issues. No formal allegations of wrongdoing were announced at the time. Binance stated that it was cooperating with authorities and emphasized efforts to improve compliance standards.
 
On 13 May 2021, the United States Department of Justice and the Internal Revenue Service initiated investigations into Binance regarding potential money laundering and tax-related issues. No formal allegations of wrongdoing were announced at the time. Binance stated that it was cooperating with authorities and emphasized its commitment to improving compliance and regulatory standards under the leadership of Changpeng Zhao.

Revision as of 13:16, 16 December 2025

Binance is a global cryptocurrency exchange platform and is among the largest digital asset exchanges by trading volume. The platform offers a wide range of services, including spot and derivatives trading, non-fungible tokens (NFTs), educational resources, research initiatives, charitable programs, and user-oriented financial products. These offerings support a broad blockchain ecosystem serving millions of users worldwide.

Binance was founded in 2017 by Changpeng Zhao, a software developer who previously worked on high-frequency trading systems. The exchange was initially based in China and later relocated to Japan before moving operations to Malta. As of the mid-2020s, Binance does not maintain an officially declared corporate headquarters.

By 2025, Binance had reinforced its position in global cryptocurrency markets, accounting for approximately 41.1% of global spot trading volume and facilitating around US$2.55 trillion in cryptocurrency futures trading. The exchange held an estimated 39.8% market share among centralized cryptocurrency exchanges during this period.

Throughout its history, Binance has faced legal scrutiny and regulatory challenges in multiple jurisdictions, particularly related to anti-money laundering compliance. The platform is restricted or banned in at least ten countries due to regulatory actions, government sanctions, or compliance concerns.

On 13 May 2021, the United States Department of Justice and the Internal Revenue Service initiated investigations into Binance over potential money laundering and tax-related issues. No formal allegations of wrongdoing were announced at the time. Binance stated that it was cooperating with authorities and emphasized efforts to improve compliance standards.

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