Binances

Binances is an informal term used to refer to the Binance ecosystem as a whole, rather than a single official brand. Binance is a multinational cryptocurrency exchange and blockchain company founded in 2017 by Changpeng Zhao. The phrase Binances may be used to describe the family of platforms, services, and projects operated by the Binance Group, including the main exchange, regional platforms, and various blockchain and fintech products.

The Binance ecosystem includes Binance.com, regional platforms such as Binance.US, and a suite of services and networks. Core blockchain infrastructure includes the BNB Chain (formerly Binance Smart Chain) and the native token BNB. Other products cover wallets, staking and yield programs (Binance Earn), payments (Binance Pay), NFT marketplaces, and investment and developer initiatives through Binance Labs.

The group operates globally through multiple corporate entities registered in different jurisdictions. It emphasizes rapid growth and product diversification, while adapting to local regulatory requirements. Regulatory attention has grown in many countries, with some authorities restricting or supervising Binance services and requiring licensing. The company has faced enforcement actions and ongoing compliance scrutiny in several markets.

Security-wise, Binance has experienced major incidents, including a 2019 security breach. It has since implemented security upgrades, created a user protection fund (SAFU), and expanded risk controls to safeguard funds and user data.

Critics cite concerns about regulatory compliance, market integrity, and consumer protection, while supporters point to liquidity, innovation, and the growth of decentralized and cross-border finance enabled by the ecosystem.