the birth of exchange binance 1

the birth of exchange binance

Binance was founded in 2017 by Changpeng Zhao and Yi He. It is based in Malta even though it has offices in China, Japan and Taiwan. The two founders began their careers in crypto on the OKCoin exchange.

Binance is a crypto-to-crypto exchange which means it connects buyers with sellers to cryptocurrency traders. It also has a cryptocurrency called Binance Coin (BNB). The exchange used the ICO Binance Coin to collect 15 million USD in July 2017.

Note: ICO is an initial coin offering and is a way for new businesses to raise funds without using more traditional methods such as issuing shares or bonds

Binance is famous for giving cool prizes to its top traders. In the past, prizes have included the iPhone, MacBook, Mercedes-Benz and even Maserati! At present, the team at Binance is looking for partners to form billions of dollars of investment funds.

So, the two exchanges are big … but which one is bigger? Let’s check Coinbase vs Binance by size.

Pros & cons

Its positive binance is having lots of crypto currencies

The negative is that a lot of coins are hacked

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