Binance

Binance is the world's largest cryptocurrency exchange by trading volume, founded by Changpeng Zhao in 2017. It offers spot trading, futures contracts, staking, lending, and other financial services across thousands of cryptocurrencies and trading pairs. Binance serves millions of users globally and has become central infrastructure for the crypto ecosystem. The exchange launched its own blockchain called Binance Smart Chain (BSC), creating an integrated platform for trading, DeFi participation, and token issuance. Binance's dominance in volume and liquidity makes it a price discovery engine for the entire market. Example: Bitcoin trading on Binance typically represents 20-30% of global Bitcoin trading volume on any given day, making Binance's order book the primary price reference for institutional and retail traders worldwide. Why it matters for crypto trading: Binance's massive liquidity, diverse trading pairs, and low fees create the deepest market for efficient price discovery and execution, while its ecosystem expansion reduces friction for users transitioning between trading and DeFi participation.

Category: exchanges trading, cefi

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