Binance provides a blockchain-based platform to facilitate cryptocurrency exchange. The platform offers its users access to a range of blockchain/DLT technologies, assisting clients to trade across multiple digital currency pairs. The company was founded in 2017 and is based in Vilnius, Lithuania.
ESPs containing Binance
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The institutional crypto trading & prime brokerage market is a complex and fragmented market that requires secure and reliable platforms to manage the operational complexity, security, and scale of trading cryptocurrencies. Vendors in this market offer built-in-house proprietary solutions that promise to combine prime brokerage, trade execution, and custody seamlessly. The market aims to unlock th…
Binance's Products & Differentiators
Trusted by millions worldwide, Binance has an unmatched portfolio of crypto products and offerings. Binance Exchange alone consists of Spot, Margin, Futures, P2P, OTC, staking/savings, crypto loans, BUSD, Binance Card, and Binance Pool.
Research containing Binance
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Binance in 14 CB Insights research briefs, most recently on Mar 2, 2023.
Expert Collections containing Binance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Binance is included in 4 Expert Collections, including Blockchain.
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Excludes US-based companies
Latest Binance News
Sep 21, 2023
Author Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Sep 21, 2023 11:21 CZ Binance In a series of tweets yesterday, Changpeng ‘CZ’ Zhao, CEO of Binance, clarified about misleading news that has been making rounds in the crypto community. This follows a report that initially claimed Zhao received a $250 million loan from BAM Management U.S. Holdings, a story Zhao quickly denounced as incorrect. This incident highlights the need for investors to do their own due diligence, especially in a fast-moving and complex ecosystem like cryptocurrency. The amount of wrong information is just… They got the direction wrong. I loaned $250 million to BAM a while back, not the other way around. And have not taken it back. 🤷♂️ pic.twitter.com/encGx1u557 The Corrected Story The corrected story reveals that CZ Zhao made a $250 million loan to BAM Management U.S. Holdings, $183 million of which was then transferred to BAM Trading by Paxos. This move came after the SEC filed a massive lawsuit against Binance , with unsealed court documents revealing questions about these financial transactions. Paxos Trust Company, a fintech firm partnered with Binance to launch Binance USD (BUSD), ceased minting the stablecoin in February. The SEC had hit them with a Wells Notice, signaling regulatory scrutiny. The SEC’s lawsuit claims that Binance and Zhao exhibited “blatant disregard” for U.S. securities laws and accuses them of enriching themselves by billions while putting investors at risk. In response, Binance US has repeatedly stated that the SEC’s demands are unreasonable. This long-standing tussle highlights the broader struggle between cryptocurrency exchanges and regulatory bodies as both try to find common ground in a largely undefined legal landscape. Adding another layer of complexity is Ceffu, an institutional crypto custodian linked to Binance. The SEC believes Ceffu is a channel between Binance US and Binance Holdings. However, CZ Zhao also denied this claim, stating that Binance US “does not use, and has never used Ceffu or Binance Custody.” The Importance of Due Diligence This episode serves as a reminder that the cryptocurrency space is rife with misinformation and conflicting reports. Investors should be cautious and perform their own research rather than relying solely on media outlets, which may be susceptible to errors or, at worst, spreading misinformation. Tags
Binance Frequently Asked Questions (FAQ)
When was Binance founded?
Binance was founded in 2017.
Where is Binance's headquarters?
Binance's headquarters is located at Didzioji street 18, Vilnius.
What is Binance's latest funding round?
Binance's latest funding round is Series A.
Who are the investors of Binance?
Investors of Binance include Vertex Ventures SE Asia, Vertex Ventures China, AU21, Blackhole Capital and Funcity Capital.
Who are Binance's competitors?
Competitors of Binance include BitOasis, Solv Protocol, Bitkub, Bit2Me, Toro Investimentos, bitFlyer, eToro, CryptoMate, Renegade, Avalanche and 42 more.
What products does Binance offer?
Binance's products include Binance Exchange and 4 more.
Compare Binance to Competitors
Kraken develops a global Bitcoin exchange platform. Its platform facilitates account opening for building a cryptocurrency portfolio by providing various funding options. The company allows users to trade international currencies and other digital currencies. It was founded in 2011 and is based in San Francisco, California.
eToro provides a social trading platform for cryptocurrencies. It allows users to invest and enhance their financial education. The company's platform helps users and traders to trade different asset classes such as stocks, options, and more. It also allows users to copy the trading patterns of other traders. The company was founded in 2007 and is based in London, United Kingdom.
Bitso operates as a cryptocurrency-based financial services company. It provides digital cryptocurrency exchange services enabling users to buy and sell cryptocurrencies. It specializes in the fields of Bitcoin, financial technology, and blockchain. Its platform offers its users to make payments using their mobile and other devices. The company was founded in 2014 and is based in Mexico City, Mexico.
Binance is a blockchain and cryptocurrency infrastructure provider with a financial product suite that includes a digital asset exchange. It includes trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. Binance was founded in 2017 and is based in George Town, Cayman Islands.
Crypto.com serves customers with a crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet. Crypto.com NFT is a platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment, and sports. Crypto.com is built on a solid foundation of security, privacy, and compliance.
Bitpanda specializes in buying and selling bitcoins and other cryptocurrencies. It offers a bitcoin wallet service and an automated platform that empowers to invest in stocks, cryptocurrencies, and metals. The company was founded in 2014 and is based in Vienna, Austria.