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Binance is one of the largest cryptocurrency trading platforms in the world, and it has developed significantly since its founding in 2017 by Changpeng Zhao (CZ). Here is a quick summary of its history and development:

The past: Binance's launch

1. Establishment and rapid growth (2017):

Binance started as a blockchain cryptocurrency trading platform, focusing on providing an easy and secure environment for users.

It has achieved tremendous growth thanks to its unique offerings such as fast trading and low trading fees.

2. Launch of Binance (BNB):

Binance launched its native BNB currency as part of the platform's funding through the initial coin offering (ICO) mechanism.

BNB later became one of the most prominent cryptocurrencies, used to pay trading fees and obtain discounts.

3. International expansion:

Binance has moved to countries with less stringent regulatory environments to ensure its business continuity, especially after facing regulatory challenges in China.

4. Launching new products:

Binance has expanded its services to include products such as Futures, Lending, and Staking.