๐ฅ๐ฅThis is @Binance.
It was declared dead many times. Years later, it became the No. 1 centralized exchange in the world
Here's its story:
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It all started with one idea: bring reliable, efficient and user-friendly crypto exchange.
And in July, it was launched through the ICO. There, the company raised $15 million.
But it didn't go well for them at the beginning. Binance was initially a Chinese company. So most of users were from there.
2 months later, China banned crypto. Users outflowed.
Still, Binance achieved great success during the first 6 months. All because of low fees and wide range of crypto.
2018 was also an important year for Binance history.
There were 2 major events:
Exchange relocated to Malta to avoid regulations. But they didn't vanish.
โข It was hacked and lost $40 million.
The company still came through it
Also, let's don't forget about Binance Labs.
Their first investment was in 2018.
Over the past six years, they've already put money in 127 projects (mostly tokens)
Now, they are the most successful coins on the market
In 2021, Binance reported a profit of $1B in Q1 ALONE! The whole year made $20 billion for them.
On its 7th birthday, Binance has almost $7 billion in trading volume. And it's the biggest BTC holder of the planet.
โข almost $7B in trading volume
โข it became the biggest BTC holder
โข 200 million+ people are using it
โข 43 million+ people used Binance Academy for their researches
โข $33 million+ was donated via Binance Charity
But that's only the beginning!
Congratulations to @_RichardTeng , @RachelConlan for this amazing achievement
Special mention to @cz_binance for taking the crypto space forward with his innovation
#Binanceโฏโฏโฏ #BinanceTurns7