
Binances DeFi Expansion: Redefining Crypto Exchange Dominance
Binance has revolutionized the cryptocurrency landscape, evolving from a simple exchange into a multifaceted ecosystem for digital assets. This guide delves into the intricacies of Binance, offering a comprehensive overview of its features, services, and overall impact on the crypto world. Whether you're a seasoned trader or a curious newcomer, understanding Binance is crucial for navigating the evolving digital economy.
What is Binance?
A Brief History
Binance, short for "Binary Finance," was founded in 2017 by Changpeng Zhao (CZ) and Yi He. Initially based in China, Binance quickly relocated its servers and operations due to increasingly stringent regulations in the region. The exchange experienced explosive growth, becoming one of the world’s largest cryptocurrency exchanges by trading ...