Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Goldlife on February 21, 2021, 02:09:26 PM
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CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets.[2]
The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.[3] By March 2018 the company had established offices in Taiwan.[2]
As of January 2018 it was largest cryptocurrency exchange with a market capitalization of $1.3 billion.[4]
In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.[5] In April 2018, Binance signed a Memorandum of Understanding (MoU) with the Government of Bermuda.[6] Months later, a similar memorandum was signed with the Malta Stock Exchange to develop a platform for trading security tokens.[7] In 2019, company announced Binance Jersey, an independent entity from its parent Binance.com exchange, with the aim to expand its European influence. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound.[8]
In August 2018, Binance along with three other big exchanges raised $32 million for a stable coin project. The idea of stable coins is to provide a cryptocurrency without the notorious volatility of Bitcoin and other popular digital assets.[9]
In January 2019, Binance announced that it had partnered with Israel-based payment processor Simplex to enable cryptocurrency purchases with debit and credit cards, including Visa and Mastercard. The purchases are subject to Simplex’s local bank policies and are limited to Bitcoin, Ethereum, Litecoin and Ripple’s XRP.
More info: https://en.m.wikipedia.org/wiki/Binance
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I have read all articles about binance and it's attachments of team management. Of course binance authorities very much efficient and reliable. I love binance as my trading account exchange and frequently used as my personal wallets for bitcoin and Ethereum.