Binance is a cryptocurrency exchange focused on crypto-to-crypto trades. Changpeng Zhao, who was previously a Head of Development at Blockchain and a CTO at OKCoin, founded the platform in partnership with He Yi, who was the head of branding and marketing in OKCoin company.
The Binance ICO raised $15 million USD in July 2017 for its BNB token (ERC-20). The users of this Exchange can receive a 50% discount on trading fees by paying with the BNB Coin. Clients can deposit, store and withdraw all the cryptocurrencies supported at the exchange.
The platform is extremely popular because it supports over 100 different coins and offers approximately 240 trading pairs. The fee is flat – 0,1% on trade.
Binance was founded in China, but the ban by the Chinese government forced the company to move to Japan. After Japanese financial regulator issued a warning to Binance, it established offices in Taiwan. Binance also announced its intentions to open an office in Malta in 2018
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