Binance is one of the largest and most popular cryptocurrency exchanges in the world, founded in 2017 by Changpeng Zhao. Binance is known for providing a wide range of cryptocurrencies that users can trade, such as Bitcoin, Ethereum, and many other currencies.

The platform is characterized by fast execution of transactions and low fees, and supports trading in many financial instruments such as spot trading, margin trading, and futures. Binance also provides additional features such as decentralized finance (DeFi), savings accounts, and rewards programs, making it a comprehensive destination for cryptocurrency enthusiasts and investors.

Despite its success and spread, Binance faces regulatory challenges in several countries, which prompted it to work on improving its compliance with local laws and enhancing compliance and security procedures to reassure its users and governments alike.