Binance is more than just an exchange – it is an entire ecosystem. The Binance platform brings with it a blockchain and crypto asset exchange, investment & fundraising capabilities, digital asset research, support & adoption services, which at the end of the day, simply empowers blockchain entrepreneurs, projects, and communities!
Currently Binance processes over 2 billion daily transactions – advertising that they do over 1.4M transactions per second!
Minh Doan, Co-founder of Massbit stated, “You just need to look at the Binance website to see how influential they are. Although it is quoting from their site, I too believe that they are ‘spreading freedom of money and building the infrastructure for the [global] blockchain ecosystem.’”
Binance is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is founded by Changpeng Zhao, a developer who had previously created high frequency trading software.