In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion, a title it has retained as of April 2021, despite competition from Coinbase, among others. The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. In 2013, he joined as the third member of the cryptocurrency wallet's team. ĥ years birthday Binance cake in Paris in July 2022.ĬEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai the company built high-frequency trading systems for stockbrokers. In 2021, Binance shared client data, including names and addresses, with the Russian government. The UK's Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021. In 2021, Binance was put under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. Binance was initially based in China, but later moved its headquarters out of China following the Chinese government's increasing regulation of cryptocurrency. It was founded in 2017 and is registered in the Cayman Islands.īinance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Cryptocurrency exchange, cryptocurrenciesīinance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies.
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