Binance Biance in detail: The creation and development of Binance

Binance is the world’s leading digital currency trading platform.

Binance is the world's leading digital currency trading platform. You can directly enter: "bian.China" in the browser to access. You can also use the Binance exchange domain name www.917ba.cn to access it. The following is a detailed introduction:

1. Biance company background and development history

Founder: Changpeng Zhao (CZ) , a Chinese Canadian with extensive experience in the financial technology field.
Date of establishment: In 2017, Binance was co-founded by Changpeng Zhao and He Yi.

Development achievements: Since its establishment, Binance has quickly become one of the largest cryptocurrency exchanges in the world with its excellent performance, rich trading products, low transaction fees, and high security. As of 2023, Binance has more than 120 million registered users, covering more than 200 countries and regions around the world, with daily transaction volume reaching tens of billions of dollars.

2. Trading products and services

Trading products: Binance provides a variety of services such as spot trading, margin trading, contract trading, staking, and lending. Users can trade more than 600 cryptocurrencies on Binance, including mainstream currencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), as well as many niche and emerging currencies.

Platform currency BNB: BNB is the only common currency of Binance Exchange and is used to pay transaction fees, participate in platform activities, and enjoy trading discounts. In addition, BNB is also widely used in Binance’s ecosystem, including blockchain education, blockchain project incubation, blockchain charity funds and other fields.

3. Security and Protection

Multiple security protections: Binance has adopted multiple security protection measures, including storage, SSL encryption, 2FA verification, etc., to ensure the security of user assets.

Emergency insurance fund: Binance has established an emergency insurance fund SAFU (Secure Asset Fund for Users) to compensate users for losses caused by hackers attacking their exchange accounts. After being attacked by hackers many times, Binance has successfully used the SAFU fund to fully compensate users for their losses.

4. Regulatory Compliance and Global Layout

Regulatory Compliance: As global regulation of digital currencies becomes increasingly stringent, Binance Exchange is also committed to promoting global compliance. Binance has established compliant crypto-asset trading platforms in multiple countries and obtained local regulatory licenses. For example, Binance’s U.S. subsidiary Binance.US holds a U.S. federal MSB license and state MTL licenses.

Global layout: Binance has also obtained registration licenses as crypto asset service providers in Japan, France, Italy and other countries, reflecting its strategic vision for global layout.

5. User Service

User Interface: Binance’s user interface is simple, clear and easy to use, suitable for beginners and experienced traders.
Customer service: Binance provides a variety of customer service channels, including online customer service, help center, etc., to facilitate users to seek help and solve problems during use.

6. Other special services

Binance Research: Provides professional, data-driven insights and analytical reports to investors in the cryptocurrency industry, improving transparency and information quality within the current cryptocurrency ecosystem.

Binance Academy: Binance Academy is Binance Security’s new open learning center. It aims to provide one-stop learning resources for blockchain and digital currency. It provides relevant educational articles or videos to solve the current problems on the Internet. The content fragmentation problem of blockchain and virtual city knowledge.

Binance Charitable Foundation (BCF): A blockchain-driven charity foundation that aims to redefine philanthropy by using blockchain technology to provide transparency, efficiency and accountability.

To sum up, Binance Exchange occupies a pivotal position in the global digital currency trading market with its strong strength, rich trading products, high security and global layout.

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