Introducing the Binance Exchange

Binance, the world's largest crypto exchange by trading volume, was founded in 2017 by Changpeng Zhao, known as CZ in China, and later left the country due to legal restrictions. Offering a wide range of cryptocurrencies and diverse services, the platform quickly rose to the top spot worldwide.

However, Binance faced extensive legal challenges, particularly from US regulators. This pressure led to it pleading guilty to money laundering charges and paying a multi-billion-dollar fine in November 2023. Following these developments, CZ stepped down as CEO, and «Richard Teng» (Richard Teng) succeeded him. Despite these changes and challenges, Binance has maintained its position as a major player in the crypto market.