Here’s a short, up-to-date article about Binance — the world’s largest cryptocurrency exchange:

Binance: A Quick Overview

Binance is the world’s largest cryptocurrency exchange by daily trading volume and one of the most influential platforms in the digital asset space. It was founded in 2017 by Changpeng Zhao and Yi He and rapidly grew to serve users in over 180 countries. �

Wikipedia +1

What Binance Does

Binance lets users buy, sell, and trade hundreds of cryptocurrencies — including Bitcoin, Ethereum, stablecoins, and many altcoins — through its user-friendly web and mobile apps. It supports spot trading, margin and derivatives trading, and staking/earn products that let users earn interest or rewards on crypto holdings. �

The Block

Beyond exchange services, Binance operates several ecosystem products:

Binance Smart Chain (BSC): A blockchain for decentralized apps (dApps) and DeFi.

Binance Wallet: A self-custody crypto wallet.

Binance Launchpad: Platform for launching new tokens.

Binance NFT marketplace: For buying and trading NFTs. �

The Block

Security & Features

Binance uses:

Two-factor authentication (2FA) and anti-phishing tools.

Cold storage for most funds.

A Secure Asset Fund for Users (SAFU) to protect users in extreme cases. �

Webopedia

These features, alongside high liquidity and deep markets, make Binance popular with both beginners and advanced traders. �

Baxity

Regulatory History & Leadership

While Binance dominates crypto trading, it has faced regulatory scrutiny in multiple countries over compliance and anti-money-laundering controls. In the U.S., Binance paid significant fines and its founder stepped down from the CEO role. �

CoinNews

Recently, co-founder Yi He was named co-CEO, signaling leadership continuity as the exchange navigates global regulation and growth. �

Financial Times

Market Impact

Binance’s native token, Binance Coin (BNB), is one of the largest cryptocurrencies by market capitalization and is widely used for fee discounts and ecosystem activities. �

Investopedia

In Summary

Binance is a leading global crypto exchange offering a broad range of trading, financial, and blockchain services. Its scale, product diversity, and market liquidity make it a central player in the crypto ecosystem — though it continues to adapt to regulatory challenges around the world. �

CoinNews

Note: This article is informational and not financial advice.