# Binance

By [Mayank Agrawal](https://paragraph.com/@mayank-agrawal) · 2023-03-23

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Binance is one of the world's leading cryptocurrency exchanges. It was founded in 2017 by Changpeng Zhao, a cryptocurrency enthusiast and software developer. The company is headquartered in Malta but has offices and operations around the world.

Binance offers a platform for trading a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and many others. Users can deposit funds into their Binance account and use those funds to buy and sell cryptocurrencies. Binance also offers a number of advanced trading features, including margin trading and futures trading.

In addition to its exchange services, Binance has also launched its own cryptocurrency, called Binance Coin (BNB), which is used to pay for trading fees on the Binance platform. Binance has also expanded into other areas of the cryptocurrency ecosystem, including launching a decentralized exchange and a blockchain platform for creating new digital assets.

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*Originally published on [Mayank Agrawal](https://paragraph.com/@mayank-agrawal/binance)*