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Binance is one of the worldโs largest cryptocurrency exchanges, founded in 2017 by Changpeng Zhao (commonly known as "CZ"). It provides a platform for buying, selling, and trading a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin (BNB). Binance offers various financial services like futures and options trading, staking, lending, and earning interest through crypto savings. Known for its high liquidity, low fees, and advanced trading tools, Binance supports millions of users globally. It also has its blockchain networks, Binance Chain and Binance Smart Chain, enabling decentralized applications (dApps). However, Binance has faced regulatory scrutiny in several countries, emphasizing compliance in response to evolving laws.
