Binance

Thing ∙ ID: 10673

Binance is the world's largest cryptocurrency exchange, boasting $76 billion daily trading volume and 90 million customers globally. Founded in 2017 by Changpeng Zhao and Yi He, it offers a comprehensive ecosystem including trading, storage, and access to over 350 cryptocurrencies. Binance charges tiered fees, with regular users paying 0.10% for spot trading. The platform supports margin trading with up to 10X leverage and offers derivatives products. While Binance operates globally, it faces restrictions in several countries, including the United States, where a separate platform, Binance.US, was launched in 2019. The company has expanded its services to include ventures like Binance Labs, Launchpad, and NFT marketplace.