binancehistory

Binance, the world's largest crypto exchange, was founded in 2017 by Changpeng Zhao (CZ), rapidly growing from a simple crypto-to-crypto platform to a vast ecosystem with its native BNB token, Binance Smart Chain (BSC), Launchpad, and more, known for high volume but facing increasing global regulatory scrutiny, leading to legal issues, significant fines, and CZ stepping down as CEO in late 2023, with Richard Teng taking over.

Early Growth & Expansion (2017-2019)
2017: Launched in China, quickly became dominant due to low fees and speed. Introduced Binance Coin (BNB) during its ICO, initially an ERC-20 token on Ethereum.
2018: Moved operations from China to Malta due to regulatory pressures, launched mobile app, and expanded to the US market.
2019: Launched Binance DEX (decentralized exchange) and Binance Launchpad for IEOs (Initial Exchange Offerings).
Ecosystem Development (2020-2022)
2020: Launched Binance Smart Chain (BSC) for developers, alongside Binance Chain, offering low fees and fast transactions.
Ongoing: Introduced Binance Earn (staking, lending), acquired CoinMarketCap, and expanded services like Binance NFT.
Regulatory Challenges & Leadership Change (2023-Present)
Faced major investigations in the US and UK for money laundering and tax offenses.
Nov 2023: CZ pleaded guilty to US charges, resulting in a $4.3 billion penalty; CZ stepped down as CEO.
Late 2023/2024: Richard Teng became CEO; Binance reached settlements with US authorities.
2024/2025: Continued regulatory pressure globally, with some countries restricting access, but also saw CZ's pardon in late 2025.
December 2025: Co-founder Yi He was appointed as co-CEO.
Binance User's History
Binance has surpassed 300 million users globally, a milestone announced around late 2025/early 2026, solidifying its position as the world's leading cryptocurrency exchange by users and trading volume. This growth reflects massive adoption, with an addition of 30 million users in 2025 alone, demonstrating strong global demand for digital assets and the platform's extensive offerings.

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🎉️ Company beginnings
CEO Changpeng Zhao founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for stockbrokers. In 2013, he joined Blockchain.info as the third member of the cryptocurrency wallet's team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. He was hired at this position in 2014 by Yi He, with whom he co-founded Binance several years later.

The company was founded in 2017 in China but moved its servers and headquarters out of the country in advance of the Chinese government's ban on cryptocurrency trading in September 2017.Zhao asked He to join Binance, and she helped rewrite parts of the white paper for Binance's $15 million initial coin offering.
🎉️ Launch of stablecoin and security breach
In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion,a title it had retained as late as April 2021, despite competition from Coinbase, among others. In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.In April 2018, Binance signed a memorandum of understanding with the government of Bermuda.[mMonths later, a similar memorandum was signed with the Malta Stock Exchange to develop a platform for trading security tokens.In 2019, the company announced Binance Jersey, a Jersey-based exchange which offers fiat-to-cryptocurrency pairs, including the Euro and the British pound.

In June 2018, Binance and three other firms raised $65 million for sports blockchain company Chiliz.In July 2018, Binance acquired Trust Wallet, a decentralized cryptocurrency wallet for an undisclosed sum composed of a mixture of cash, Binance stock, and BNB tokens.In August 2018, Binance along with three other large exchanges raised $32 million to fund the stablecoin project Terra. This was intended to facilitate cryptocurrency transactions with less volatility.

In January 2019, Binance announced that it had partnered with Israel-based payment processor Simplex to enable some cryptocurrencies to be purchased with debit and credit cards.On 7 May 2019, Binance revealed that it had been the victim of a "large scale security breach" in which hackers had stolen 7,000 bitcoin worth around $40 million at the time.Binance halted all transactions for one week while investigating. Binance also pledged to reimburse customers from an emergency fund.

In June 2019, the company announced it would prohibit US passport holders as well as anyone residing in the US, and would set up a new entity binance.us to support those customers.[30] Later in 2023, Forbes leaked a document allegedly from Binance titled "TaiChi" that proposed this regulatory solution to reduce US regulatory risk.Binance subsequently denied the document, sued Forbes for defamation, and subsequently dropped the lawsuit. In September 2019, the exchange began offering perpetual futures contracts, allowing leverage as high as 125 times the value of the contracts.In November 2019, Binance announced it was acquiring Indian bitcoin exchange WazirX, which became disputed in August 2022 when Binance founder Zhao claimed the deal was never signed.
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Created in 2009, Bitcoin is the first decentralized cryptocurrency, a type of digital money that is currently used by more than 25 million users around the world to transfer and store value, to make purchases and payments, and even to save.
How does Bitcoin work?
Bitcoin (or BTC) transactions are based on a computerized accounting system that works between people (P2P), without intermediaries to validate the transactions.
The network on which these operations are carried out is protected with cryptography. In addition, the log is distributed simultaneously to all connected computers. This makes the system extremely difficult to hack, and much more stable and resistant to computer attacks, forgery and embezzlement.

#binancehistory
?What is Binance and who is its founder
Binance, one of the world's largest and most popular cryptocurrency exchanges, was founded in 2017 by Changpeng Zhao (CZ) and Yi He.

*The Founders:*

1. *Changpeng Zhao (CZ)*: A Chinese-Canadian entrepreneur and programmer, CZ is the CEO of Binance. He previously worked at Bloomberg and Thomson Reuters, and was also the CTO of OKCoin.
2. *Yi He*: A Chinese entrepreneur and investor, Yi He is the co-founder and CMO of Binance. She has a background in finance and marketing.

*The Creation Story:*

CZ and Yi He met while working at OKCoin, where CZ was the CTO. They shared a vision of creating a more secure, efficient, and user-friendly cryptocurrency exchange.

In July 2017, CZ and Yi He founded Binance in Shanghai, China. The exchange was initially called "Binance" (a combination of "binary" and "finance").

*Key Milestones:*

1. *ICO (Initial Coin Offering)*: Binance conducted an ICO in August 2017, raising $15 million in funding.
2. *Launch*: Binance launched its exchange platform in September 2017.
3. *Rapid Growth*: Binance quickly gained popularity due to its user-friendly interface, high liquidity, and low fees.
4. *Expansion*: Binance expanded its operations to Malta in 2018, and later to other countries, including the United States, Singapore, and Uganda.

Today, Binance is one of the largest and most influential cryptocurrency exchanges in the world, with a daily trading volume of over $10 billion.

Can you believe it? Binance is turning 8! 🎉 From humble beginnings in July 2017, launching amidst a booming ICO landscape, Binance has etched its name into the history books of the digital revolution.
Let's take a quick trip down memory lane:
* 2017: The Dawn ☀️: Founded by Changpeng Zhao (CZ) and Yi He, Binance quickly gained traction with its lightning-fast trading engine and wide array of altcoin listings. Its ICO raised $15 million, fueling its initial growth.
* 2018: Global Expansion 🌍: Despite regulatory challenges in some regions, Binance strategically expanded its global footprint, establishing key exchanges and services. The Binance Charity Foundation was also launched, showcasing a commitment beyond just trading.
* 2019: Launching the Ecosystem ⚙️: Binance launched its native token, BNB, and the Binance Chain, laying the groundwork for a broader ecosystem. Binance Launchpad also emerged, becoming a pivotal platform for new crypto projects.
* 2020: DeFi Boom & Innovation 🌱: As the DeFi summer took off, Binance Smart Chain (now BNB Chain) was launched, offering a more scalable and affordable alternative for decentralized applications.
* 2021: Unprecedented Growth 📈: Riding the wave of the crypto bull run, Binance saw exponential growth in users and trading volume, solidifying its position as the world's leading cryptocurrency exchange.
* 2022-2023: Navigating Challenges & Building Resilience 💪: Binance navigated regulatory scrutiny and market downturns with a focus on compliance and user security, demonstrating remarkable resilience.
* 2024-2025: The New Era 🛡️: Under new leadership, Binance continues to evolve, emphasizing regulatory adherence, expanding its product offerings (like the recent Binance Sharia Earn), and fostering innovation on the BNB Chain (as highlighted by recent Q1 2025 data showing a dominant 36.5% market share and the exciting progress of opBNB and Greenfield).
Today, Binance stands as a testament to the power of vision, innovation, and community. It has not only shaped the way we trade and invest in cryptocurrencies but has also fostered the growth of the entire blockchain ecosystem.
As we celebrate this 8th anniversary, we look forward to many more years of Binance leading the charge in shaping the future of finance! Thank you to the Binance community for being part of this incredible journey! ❤️
Join the Celebration!
Feeling the FOMO? Don't just watch from the sidelines! Binance is pulling out all the stops for its 8th birthday bash, and you're invited! 🎉 Dive into the "Crypto Meteor Shower" and seize your chance to win from a colossal pool of nearly $2 MILLION in prizes, including the highly sought-after BNB. Plus, unlock exclusive "GR-8 Card" rewards and participate in thrilling quests for a share of up to 888,888 BNB! 🎁 The festivities run from July 8th to 15th – mark your calendars and get ready to celebrate a historic moment in crypto with the pioneers themselves! 🚀
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On this festive Christmas Eve 2025, let’s travel back in time to the very beginning of the exchange that dominates our crypto lives today: Binance!
​It's easy to forget that every giant starts small. Binance wasn't always the behemoth processing billions in trades daily. Its journey began with a bold vision and a humble start.

🗓️ The Genesis: July 14, 2017
That's the historic date when Binance officially launched its exchange. Born out of an ICO (Initial Coin Offering) that raised $15 million, it quickly set out to conquer the nascent crypto world with its focus on speed, security, and a vast selection of altcoins.
​Initial funding was crucial, but the real magic began with the trades.

💰 The Very First Trade:
While specific details about the exact first individual trade are often lost to history's digital sands, what we know is that the earliest trading pairs were primarily BTC/USDT and ETH/USDT.
​Imagine being one of those pioneering traders on day one! The first recorded trading volumes were in the thousands, not billions, a stark contrast to today's market where a single order can exceed that. The initial exchange of digital assets, likely a small amount of Bitcoin for USDT, marked the true operational birth of Binance. It was a testament to the belief in a decentralized financial future.

🚀 The Binance Rocket Since Then:
From those first tentative trades in 2017, Binance exploded into the largest crypto exchange globally, overcoming countless challenges, FUD, and market volatility. It scaled beyond imagination, listing thousands of tokens and serving millions of users worldwide.
​It all started with that first click, that first executed order.

What was your very first trade on Binance? Share your memory in the comments below! 👇

​#Write2Earn #BinanceHistory #CryptoJourney #CZ # #CZ #Blockchain #December2025
$BTC $ETH $USDT