The History of Binance🔥

Binance was founded in 2017 by Changpeng Zhao and Yi He. It started after raising about $15 million in an initial coin offering and quickly became the world’s largest cryptocurrency exchange by trading volume within months. The platform attracted users with low fees, many crypto options, and fast execution.

Binance also created its own token, BNB, and later built Binance Smart Chain to support decentralized applications and smart contracts. The company expanded globally, serving hundreds of millions of users and offering products beyond trading, such as wallets and payment services.

Despite its success, Binance faced regulatory challenges. In the United States, Binance and Zhao pleaded guilty to anti-money-laundering violations in 2023, leading to fines and Zhao stepping down as CEO. Later he served a short prison sentence and was pardoned in 2025, a highly publicized development.

Today Binance remains a dominant global exchange while adapting to evolving legal and compliance standards around the world.

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