#definebinance Binance is one of the world's largest cryptocurrency exchanges, offering a platform for trading various digital assets. Founded in 2017 by Changpeng Zhao, Binance quickly gained popularity for its wide range of trading pairs, low trading fees, and user-friendly interface. The platform supports spot trading, futures trading, margin trading, and various other financial products and services related to cryptocurrencies.

In addition to its exchange services, Binance operates several other businesses within the cryptocurrency ecosystem. These include Binance Launchpad, a platform for launching new blockchain projects through initial coin offerings (ICOs) or initial exchange offerings (IEOs), and Binance Academy, an educational platform providing resources and tutorials on blockchain and cryptocurrency topics.

Furthermore, Binance offers its native cryptocurrency, Binance Coin (BNB), which can be used to pay for trading fees on the platform and access various features and services within the Binance ecosystem.

Overall, Binance has become a significant player in the cryptocurrency industry, serving millions of users worldwide and continually expanding its offerings to cater to the evolving needs of the market.