Everything about the Binance Crypto Exchange

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Binance, The Most Popular Crypto Exchange

Everybody knows what the Binance is. Binance is the most popular cryptocurrency exchange in the world. Crypto statistic companies say Binance has more than 100 million active users worldwide. It is much more than all other cryptocurrency exchanges. 

Generally, crypto investors use the top 3 or top 5 crypto exchanges to buy, sell, deposit, and withdraw cryptocurrencies. Kucoin and Coinbase are the biggest competitors of Binance exchange. Coinbase is the most secure digital assets exchange. Also, Kucoin is a preferred exchange for crypto traders because Kucoin has a lot of crypto investment options and an interface copy of %90 Binance. 

Binance coinbase kucoin

Crypto vs Digital Assets

Some exchanges use Digital Asset keywords for ‘Cryptocurrency’ because regulational reasons stop the crypto exchange from occasionally using ‘Crypto’ keywords. Another reason is crypto evokes emotions that symbolize risk. The biggest crypto platforms do not prefer this. Their marketing and product team do not want to do this too. But still Binance uses the word ‘crypto’. 

How was Binance founded, and who founded it?

In 2015-2016 years, crypto popularity increased day by day fastly. Everybody wants to learn what Bitcoin is, how to earn money, how to be rich with cryptos, and where to buy Bitcoin quickly and securely.

In these years, we heard the step voice of Binance. In 2016 and early 2017, some people talked about Binance crypto exchange and BNB coins. Then Binance launch date has been determined and announced. The date is July 14th, 2017. 

Changpeng zhao cz

KYC-free trading with Binance

In the first years, Binance does not have KYC (Know Your Customer) and KYB (Know Your Business) requirements. It is a good option for crypto investors because all crypto exchanges want to push their clients to pass KYC. Some crypto clients don’t like sharing ID or passport details with these crypto exchange because blockchain work anonymously, but crypto exchanges do not. Without KYC requirements, Binance got a lot of crypto investors and blockchain fans in their ecosystem.

About Binance side, everything was going well in 2017. Launched exchange, and many users joined quickly. Only one thing that needs to be added. Binance’s own coin or token.

Binance Coin (BNB) price, ICO, launch date and more

With Binance’s launch, Binance announced their crypto, whose name is Binance Coin (BNB). They made a big ICO (Initial Coin Offering) for those who want to invest early in BNB. If any client invests in BNB before the sale, customers can purchase BNB at a cheap pre-sale price. Millions of users bought it. Then, Binance Coin (BNB) launch date on Jun 26, 2017, with price of $0.15.

Binance coin BNB

The name behind Binance’s success

The only one name behind this worldwide success was Binance owner and founder Changpeng Zhao, popularly known as CZ. All crypto ecosystems learn the name of CZ with cryptos and Twitter. He is also a famous Twitter influencer. He has 8.5m followers on Twitter with @cz_binance nickname. 

He works on Binance’s all steps. Generally, standard founders launch the products/platforms and then just manage the C-level processes, but CZ work and manage all development process of Binance. Rumour has it that CZ makes all decisions made within Binance. We can say Changpeng Zhao is the CTO and CEO of Binance crypto exchange.

Today’s Binance and Binance Coin (BNB) market cap and price

Today, Binance is the largest exchange, with over 100 million active users.

BNB, on the other hand, can be purchased by all crypto lovers, Binance Coin (BNB) from more than 50 cryptocurrency exchanges. BNB is also very popular in the decentralized exchange, i.e. DEFI.

At current values, BNB is a cryptocurrency with a market cap of over $37 billion and a 24-hour volume of over $350 million. There are approximately 155 million BNB in crypto circulation. And it has a buy-sell price of between $225 and $250 as of July 2023.

If you’re interested in staying up-to-date with the latest news on cryptocurrencies and blockchain, be sure to check out EXEcrypto.com. And if you’re looking for helpful guides, head over to EXEcrypto Guides.

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