In July 2017, a little-known crypto startup raised $15 million through an initial coin offering. Within months, it became one of the largest cryptocurrency exchange in the world. By 2021, it was processing more trading volume than several traditional stock exchanges combined. That startup was Binance.
Binance was founded in 2017 by Changpeng Zhao (widely known as CZ), a developer. The company launched during the height of the 2017 crypto boom, raising funds via an ICO for its native token, Binance Coin ($BNB ).
At the time, China had been a dominant force in crypto trading. However, in September 2017, Chinese regulators banned ICOs and ordered exchanges to shut down. Binance responded by rapidly relocating operations offshore, initially to Japan and later operating through a distributed global structure.
There were three main factors that contributed to this rapid rise of Binance:
1) Extremely low trading fees
2) Rapid listing of new altcoins
3) A fast and high-performance trading engine capable of handling surges in demand.
At a time when exchanges frequently crashed under heavy traffic, Binance’s infrastructure offered reliability.
Today, more than 1/3rd of crypto trading happens on Binance. This signifies the dominant position that Binance holds in the crypto world.
Many people think Bitcoin is anonymous, which is why some believe it’s perfect for criminal activities. But that’s completely wrong. Here’s why criminals can’t easily use Bitcoin for illegal purposes:
1) Every transaction is public 📖 Bitcoin runs on a blockchain, a public ledger. Every transfer is permanently recorded and visible to everyone. If someone uses Bitcoin for illegal activity, the evidence is always there.
2) Wallets can be traced 🔍 Your name may not be on a wallet, but blockchain analytics can link addresses to real people over time. Law enforcement agencies use this regularly to track illicit activity.
3) Exchanges require ID 🏦 Most cryptocurrency exchanges follow KYC (Know Your Customer) rules. To cash out $BTC , users must verify their identity — making it very risky for criminals.
4) Suspicious patterns are detected ⚠️ Blockchain data can reveal unusual patterns. Large transfers, repeated mixing, or unusual activity often raise red flags for investigators.
In short: Bitcoin is transparent, traceable, and regulated enough that using it for illegal activity is highly risky. Far from making you invisible, it actually makes hiding much harder. #BTC100kNext?
📉 Bloodbath at PSX! KSE-100 Falls 5,149 Points (-2.87%) in a Single Session From 179,603 → 174,453 Heavy selling shakes investor confidence. $BTC $XRP $ETH #PSXCrash
Truth Social, the social media platform linked to Trump, has filed with the U.S. Securities and Exchange Commission(SEC) seeking approval for two crypto ETFs. #TruthSocial #etf $BTC $ETH
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