Binance is the largest cryptocurrency exchange globally, offering a wide range of digital assets and trading features. Here's what you need to know about the company¹:

Overview

- *Founders*: Changpeng Zhao and Yi He

- *Year Founded*: 2017

- *Headquarters*: Unknown, previously based in China, Japan, and Malta

- *Employees*: Over 9,000

Products and Services

- *Cryptocurrency Exchange*: Spot trading, futures trading, and margin trading

- *Cryptocurrencies*: Supports over 600 cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin (BNB)

- *Binance Earn*: Earn interest on cryptocurrency holdings

- *Launchpad*: Participate in initial exchange offerings (IEOs)

Regulatory Environment

- *Regulatory Approvals*: Binance has gained approvals in countries like France, allowing it to provide digital asset services

- *Investigations and Fines*: The company has faced investigations and fines in various countries, including the US, for alleged regulatory violations

- *Plea Deal*: In November 2023, Binance pleaded guilty to federal charges, including money laundering and sanctions violations, and agreed to pay $4 billion in fines

Leadership

- *CEO*: Richard Teng succeeded Changpeng Zhao in November 2023

- *Key People*: Changpeng Zhao, founder and former CEO; Yi He, co-founder

Financials

- *Revenue*: $12 billion (2022)

- *Funding*: Binance has raised $2.02 billion in funding from investors like Big Candle Capital and MGX² ³