Since Bitcoin came into existence a little over a decade ago, the blockchain and crypto space has been flooded with altcoins. Now, every project has its own native cryptocurrency, and sometimes even multiple tokens linked to the ecosystem for various purposes. So, this leads to a logical question: where can users go if they wish to buy or sell the tokens? The short answer is obviously a cryptocurrency exchange. And in the league of crypto exchanges, Binance is undoubtedly the world leader in hosting crypto-to-crypto trades.
Founded in 2017 by Changpeng Zao, a.k.a. CZ, Binance has moved its headquarters quite a bit to escape the shackles of cryptocurrency regulations. It started in China, then moved to Japan, then to Taiwan before settling down in Malta.
Binance funded the opening of the exchange through an initial coin offering (ICO) of its native cryptocurrency named the Binance Coin (BNB). It runs on the Ethereum blockchain with ERC 20 standard and has a strict limit of maximum 200 million BNB tokens.
Apart from being a blockchain and crypto-asset exchange, Binance’s ecosystem also dabbles in various aspects like:
- Investment & fund-raising
- Labs – Incubator for top blockchain projects
- Launchpad – Token launch platform
- Digital asset research
- Info – Cryptocurrency information platform
- Research – Institutional-grade analysis and reports
- Academy – Blockchain and crypto education
- Support & adoption
- Charity – A blockchain charity foundation
- Trust wallet – Binance’s official crypto wallet
Besides, there is Binance Chain, a community-driven blockchain software system, with developers and contributors from all over the world, and Binance DEX, the decentralized exchange feature developed on top of it.
Here we bring you all the news from Binance and its ecosystem.