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The World's Largest Crypto Exchange
The World's Largest Crypto Exchange
| Founded | 2017 by Changpeng Zhao (CZ) |
| Headquarters | Global (registered in Cayman Islands) |
| Users | 350M+ registered |
| Daily Volume | $65B+ (spot + derivatives) |
| Spot Fee | 0.10% (discounted with BNB) |
| Futures Fee | 0.02% maker / 0.05% taker |
| Leverage | Up to 125× |
| Native Token | BNB (Binance Coin) |
| Supported Assets | 350+ coins, 1400+ trading pairs |
Binance is the world's largest cryptocurrency exchange by virtually every metric: volume, users, asset selection and product breadth. Founded in 2017 by Changpeng Zhao (CZ), it grew from a spot exchange to a full financial ecosystem in under two years.
In 2023, Binance and CZ pleaded guilty to US federal charges of failing to maintain an effective anti-money laundering program and paying $4.3 billion in fines — the largest financial penalty in the history of the Department of Justice. Richard Teng became CEO. Despite this, Binance remains the market leader by a significant margin.
Binance offers the most comprehensive product suite in crypto:
Spot Trading: 1,400+ pairs with 0.10% base fee (reducible to 0.075% with BNB).
Futures: USD-M and COIN-M perpetuals and quarterly contracts with up to 125× leverage. One of the deepest order books in the industry.
Binance Earn: Flexible and locked staking, liquidity farming, dual investment products and structured notes. Yields vary from 2% (stablecoins) to 30%+ (smaller assets).
Launchpad & Launchpool: Early access to new token launches — historically strong performers.
P2P Trading: Direct fiat-to-crypto trading in 100+ currencies.
BNB (Binance Coin) underpins the Binance ecosystem. Uses include: 25% fee discount on trading, gas token on BNB Chain (BSC), participation in Launchpad allocations and Binance governance.
BNB Chain (formerly Binance Smart Chain) is the second largest smart contract platform by total value locked. Despite centralization criticisms, it hosts billions in DeFi TVL and hundreds of dApps.
Binance has faced regulatory actions in the US, UK, Canada, Germany, Netherlands, Australia and other jurisdictions. The 2023 DOJ settlement and CZ's 4-month prison sentence created significant uncertainty.
However, Binance has subsequently obtained licenses in Dubai (VARA), France (PSAN), and several other jurisdictions. The new leadership under Richard Teng has pursued a compliance-first approach. For users outside the US, Binance.com remains fully operational. US users are limited to Binance.US.
Binance remains the default choice for active crypto traders globally. The liquidity, fee structure and product range are unmatched. The regulatory history is a legitimate concern — particularly for institutional users — but for individual traders the exchange continues to function well. If you need maximum liquidity, the lowest fees, and the broadest product selection, Binance is the answer.