The history of Binance

in #bnb4 years ago

Binance is crypto currency exchange platform as many already know, founded by Changpeng Zhao aka CZ and Yi He, with CZ as CEO. Binance headquarters is currently at Malta after moving out of Asia due to regulations problems with the authorities.

CZ had previously founded a trading software named fusion systems in 2005 at shangai, that built high frequency trading systems for brokers. In 2013, he joined blockchain.info as their third member, he also worked at okcoin as CTO for less than a year. Binance was initially founded at China but moved to Japan due to the Chinese government's frown on crypto currencies in 2017, infact some months after binance's departure the Chinese authorities placed a ban on crypto trading. By March 2017 they established offices in Taiwan. As of January 2018 binance became the largest crypto exchange platform with a market cap of $1.3 billion, by March 2018 they announced intentions to open an office at Malta after more strict regulations from the Japanese government and a few months after, they signed a memorandum of understanding (MOU) with Malta stock exchange to set up.
Last year, they announced the birth of a new body called binance jersey which is independent of the main binance itself, the aim of the new body is to expand the influence of the brand in Europe which led to listing of Fiats like euro pounds Sterling and so on, to make it easier for Europeans to purchase crypto currency.

January last year, they announced partnership with Israel based payment processor "simplex" to enable crypto purchases with debit and credit cards like visa, MasterCard and more. May 17 2019, binance fell victim to a hack that resulted in the loss of some crypto currency that's worth some million dollars, but which firm hasn't experienced its own tragedy? After getting over their little predicament and refunding every customer that lost some money due to the hack, binance reinforced their firewall more than ever and are way more secure than they've ever been, infact they've not experienced another problem since, so you need not fear anything. As of today, binance is still the largest crypto trading exchange in the world, which makes them the most reliable since so many people are comfortable exchanging and keeping value via the platform, so you should consider opening an account with them for the safety of your crypto https://www.binance.com/en/register?ref=47746482 . Binance has also acquired the biggest crypto exchange in India "wazirX" and they keep growing everyday.
If you're not trading or keeping crypto via the binance platform, you should change your mind about that, it's the safest place your crypto can be, click this link and buy some crypto on the platform
http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/47746482

Thanks for reading
Brought to you by Binance Africa

ogImage.jpg

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 64447.43
ETH 3163.71
USDT 1.00
SBD 2.56