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Binance is one of the most popular crypto exchanges in the world. It’s also well-known for its low trading fees, high trading volumes, and plenty of coins to trade. Sounds great, right? You may have noticed that Binance has been around for quite some time now. However, appearances are deceiving as this exchange actually started in 2017. Also, this is actually the fourth iteration of Binance as it first launched as a cryptocurrency exchange in China.
Binance has a good reputation for being a crypto exchange with high liquidity, security, and speed. With these 3 factors combined, Binance is a real contender when it comes to profits.
Binance’s trading volume is one of the highest out there. Well, it used to be even higher as it was ranked as the highest volume cryptocurrency exchange back in 2017. Currently, Binance is ranked as the largest crypto exchange in terms of trading volume.
History of Binance
Binance is a popular cryptocurrency exchange that started in China, moved to Japan and now operates primarily out of Hong Kong. They have a global reach and offer resources for traders with any level of expertise.
Binance was founded by Changpeng Zhao in July 2017 but he moved the company from China to Japan as regulations tightened there. In March 2018, they made the move to Hong Kong as they felt that country had more favorable regulations for cryptocurrencies.
Zhao is a computer science graduate of Fudan University in China. After trading cryptocurrencies while working at Bloomberg, he decided to start Binance. Originally called “Evercoin,” the exchange was rebranded on June 14, 2017. In March 2018, they added “CZ” for Changpeng Zhao to their name and followed that up with the move from China to Hong Kon