What is Binance and how does it work?

Binance. Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

What is Binance Jersey?

In 2019, company announced Binance Jersey, an independent entity from its parent Binance.com exchange, with the aim to expand its European influence. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound.

Who is the founder of Binance?

Binance was founded by Changpeng Zhao, commonly known as "CZ", a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved its headquarters out of China due to China's increasing regulation of cryptocurrency.

Is Binance the largest cryptocurrency exchange?

In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion, a title it has retained as of April 2021, despite competition from Coinbase, among others. In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.