How the name was made up ๐๐๐"Binance"
The name "Binance" was created by combining two words:
- "Binary" (referring to binary code, the fundamental language of computers)
- "Finance" (referring to the financial aspect of the platform)
The founder, Changpeng Zhao, wanted a name that was:
- Short and easy to remember
- Sounded good
- Not specific to any particular cryptocurrency
- Reflected the platform's focus on digital technology and financial innovation
He combined the two words to create "Binance", a unique and memorable name that has become a prominent brand in the cryptocurrency industry.
Here's a fun fact: The name "Binance" was reportedly chosen from a list of over 100 potential names, and was finally decided upon after a vote among the team members.