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  Despite originating from China, one of the most hostile countries to cryptocurrencies, Binance has managed to become the largest cryptocurrency exchange in the world, serving over 13.5 million active users. Now based in the Cayman Islands, Binance's mission is to offer a complete package of cryptocurrency services. One of the main pillars of this offering is Binance Smart Chain (BSC), an open source smart contract platform that allows people to participate in Finance 2.0.

  Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance  was initially based in China, but later moved its headquarters out of China following the Chinese government's increasing regulation of cryptocurrency. In 2021, Binance was put under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK's Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance.Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters.

#Binance #LBank #FTX #Digifinex #OKX  https://coincryptoprice.com/exchanges/

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