Binancecom

Binance.com, commonly referred to as Binance, is a global cryptocurrency exchange founded in 2017 by Changpeng Zhao and Yi He. It rapidly grew to be one of the largest digital asset trading platforms by trading volume, offering a broad range of cryptocurrencies and financial services to a worldwide user base.

Platform and services: The platform provides spot trading for a wide selection of tokens, as well as derivatives including futures and options, along with staking and savings products, liquidity mining, and other earn programs. It also operates a crypto debit card in some regions and supports various ecosystem activities. The exchange is closely associated with the Binance ecosystem, including the native token BNB and the Binance Smart Chain, now rebranded as BNB Chain, which hosts smart contracts and decentralized applications.

Global presence and structure: Binance operates globally with region-specific entities and licensing approaches. In the United States, Binance.US operates as a separate entity with a narrower product and asset set to comply with local regulations. The company has pursued partnerships and compliance initiatives to navigate regulatory requirements in different jurisdictions.

Regulation and security: The company has faced regulatory scrutiny in several countries, leading to adjustments in its operations and product availability in certain regions. It has also experienced security incidents in its history, notably a major hack in 2019. In response, Binance established security measures and funds intended to protect user assets, and has continued to invest in risk controls and due diligence.

Market position and criticism: Binance remains a leading exchange in terms of liquidity and asset coverage, but it faces ongoing regulatory scrutiny and debates about transparency, security, and customer support. Users are advised to consider jurisdictional limitations, perform due diligence, and stay informed about policy changes affecting access and services.