Binance
Binance Holdings Ltd., branded Binance, is a global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance was initially based in China, then moved to Japan shortly before the Chinese government restricted cryptocurrency companies. Binance subsequently left Japan for Malta and currently has no official company headquarters.
| Company type | Private |
|---|---|
| Industry | Cryptocurrency |
| Founded | July 2017 |
| Founders |
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| Headquarters | Unknown |
Area served | Global, except for the United States |
Key people | Richard Teng (CEO) |
| Products | Cryptocurrency exchange, cryptocurrencies |
| Revenue | US$12 billion (2022) |
Number of employees | 7,000 (2023) |
| Subsidiaries |
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| Website | www |
Binance has been the subject of lawsuits and challenges from regulatory authorities throughout its history. As a result, Binance has been banned from operating or ordered to cease operations in some countries, and has been issued fines. It has been alleged that Binance could be used as a funding mechanism for terrorist groups. In November 2023, the company pleaded guilty in a U.S. federal court to money laundering, unlicensed money transmitting, and sanctions violations.