The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 360 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB.

Binance was created in 2017 by Chengpeng Zhao, a well-known entrepreneur, investor, and software engineer. He started the exchange in July, and within six months, the exchange grew to become one of the largest crypto exchanges in the world.

Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs—the Binance exchange has some of the lowest cryptocurrency transaction fees. It has high liquidity and offers discounts to users who pay in BNB—the exchange's native cryptocurrency token.

With high standards of safety and security and multi-tier and multi-clustered architecture, Binance delivers high processing throughput with the capacity to process around 1.4 million orders per second.

In 2019, the global Binance exchange was banned in the U.S. due to regulatory concerns. The exchange opened Binance.US, an exchange that meets U.S. regulations regarding securities and exchanges.