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Binance: How the Exchange Changed the Cryptocurrency World in Eight Years

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by Giorgi Kostiuk

4 hours ago


Founded in 2017, Binance has become one of the most significant cryptocurrency exchanges in the world, bringing innovation and expanding its services.

The Beginning of Binance's Journey

In 2013, Changpeng Zhao (CZ) made a life-changing decision to sell his house to buy Bitcoin. Four years later, he co-founded Binance with the goal of making crypto accessible to everyone. The exchange, starting as a small platform for trading, quickly became the largest in the world by trading volume within six months.

Empowering Users with Expanded Opportunities

Over the years, Binance has significantly expanded its services. Binance Earn has already delivered over $50 billion in earnings and savings to users. Binance Pay has processed $230 billion across 300 million transactions, saving users $1.75 billion in remittance fees. Binance Academy has helped over 64 million people learn the basics of crypto and blockchain.

Safety and Trust as Priorities

Since 2022, Binance's systems have blocked over $10 billion in fraud losses and helped recover $215 million in stolen funds. The platform has also responded to over 241,000 law enforcement requests, demonstrating its commitment to safety and regulatory cooperation.

Eight years later, Binance continues to evolve, becoming not only a cryptocurrency exchange but also an important financial platform focused on accessibility, security, and innovation.

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