Binance is one of the world’s largest and most well-known cryptocurrency exchanges. Here are some key details about it: General Overview Founded: July 2017 Founder: Changpeng Zhao (aka "CZ") Headquarters: Originally in China, later moved operations due to regulatory pressure. Binance has a decentralized structure with various global offices. CEO (as of 2024): Richard Teng (following CZ's resignation in late 2023) Core Features Trading Options: Spot Trading: Buy/sell crypto at current market prices. Futures & Derivatives: Includes USDT-M and COIN-M futures. Margin Trading: Leverage-based trading. P2P Trading: Peer-to-peer crypto exchange. Cryptocurrencies Supported: Over 350+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and many altcoins. Staking & Earn Products: Users can earn passive income through staking, DeFi projects, savings, and liquidity farming. Launchpad: A platform for new crypto projects to launch tokens (Initial Exchange Offerings - IEOs). NFT Marketplace: Allows trading, minting, and staking NFTs. Security and Regulation Security Features: 2FA, withdrawal whitelist, cold wallets, SAFU fund (Secure Asset Fund for Users). Regulatory Issues: Binance has faced scrutiny from regulators globally (e.g., USA, UK, EU, Japan). In 2023, CZ pleaded guilty to violating U.S. anti-money laundering laws; Binance agreed to pay a $4.3 billion fine. Binance Ecosystem Binance Smart Chain (BSC): A blockchain platform supporting smart contracts and dApps. BNB (Binance Coin): Utility token used for trading fee discounts, staking, and more. Trust Wallet: Binance’s official crypto wallet app.