Binance

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Binance (Chinese: 币安) is a cryptocurrency exchange​. The name “Binance” is a combination of binary and finance. [1]  ​The CEO of Binance is Changpeng Zhao​ and their CTO is Roger Wang​.[1]
 
As of 8 October 2018, Binance have missed the opportunity to take advantage of listing Everipedia​'s IQ token​ on their exchange.[1]

History

CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai​; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info​ as the third member of the cryptocurrency​ digital wallet's team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets.[3] 
 
The company was founded in China but moved its servers and headquarters out of China and into Japan​ in advance of the Chinese government ban on cryptocurrency trading in September 2017.[4]  
 
By March 2018 the company had established offices in Taiwan.[3]​ As of January 2018 it was largest crypto-exchange with a BNB market capitalization of $1.3 billion.[5]​ 
 
In March 2018, Binance announced its intentions to open an office in Malta​ after stricter regulations in Japan and China.[6] In addition, Binance plans to move to Jersey to expand its European influence, having achieved a exchange license there, and plans to add fiat pairs including the Euro and the Pound sterling to its supported currencies.[7]
 
 In August 2018, Binance along with three other big exchanges raised $32 million for a stable coin project. The idea of stable coins is to provide a cryptocurrency without the notorious volatility of Bitcoin and other popular digital assets.[8][9]
 
Features
 
Binance is  a safe and stable platform with multi-tier and multi-cluster system architecture. This delivers high performance capable of processing 1.4M orders per second. It has high liquidity with abundant resources and partners. All devices are supported including web, Android, HTML5​, WeChat​, PC, etc. Binance has multiple language support for Chinese, EnglishJapaneseKorean, etc. along with multiple coin support for EOS,​ Bitcoin,​ Ethereum​, Litecoin​, Binance Coin​ and many others, apart, as of 6 October 2018, from Everipedia's IQ token.[1]
 
The Binance Coin (BNB)
 
Main Article : Binance Coin
The Binance Coin, or BNB is a token issued by Binance. In total, there will be 200 million BNBs. Binance uses the ERC 20 token standard from Ethereum. 50% of the coins were sold in an ICO held in 2017, 40% went to the team and 10% to Angel investors. The coin can be used to pay fees on Binance exchange.[2]

See Also

Blockchain Charity Foundation
Binance Labs
Binance Info
Binance Launchpad
Binance Academy
Cryptocurrency Governance Initiative
James Hofbauer
Paul Jankunas
Allan Yan
Sunny Li
Leah Li
Ling Zhang
Ella Zhang
Christy Choi
Flora Sun

Teck Chia
Benjamin Rameau
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