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Briefly about Binance
Binance was founded in 2017 and is headquartered in Hong Kong. The general manager is Changpeng Zhao. For six months of operation, Binance entered the list of the largest platforms in terms of cryptocurrency trading volume.
In August 2017, the financier He Yi became one of the leaders of Binance, the news of this raised the company's capitalization by 40%. The influx of new users became so high that in January 2018 registration of new customers was temporarily closed and equipment was upgraded due to the increased load. The number of Binance users as of April 2018 is 7,9 million.
In March 2018, due to the requirements of the Hong Kong authorities and the increasing regulation of the cryptocurrency market, Binance's management decided to change its jurisdiction to the Maltese one.
Since the beginning of 2019, Binance has announced the launch of Binance Jersey, a new trading platform for exchanging cryptocurrencies for fiat money. Among the first to trade euro and pound sterling pairs with Bitcoin and Ethereum.
On December 2, 2019, Binance announced the launch of trading pairs pegged to the Russian ruble.
Top cryptocurrencies on the Binance exchange
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