Binance is one of the world’s largest cryptocurrency exchanges, founded in 2017 by Changpeng Zhao. It provides a platform for trading a wide range of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin (BN, and many others. Binance offers various services related to cryptocurrency, including spot trading, futures trading, staking, savings, and decentralized finance (DeFi) options.
Binance supports hundreds of different cryptocurrencies, making it a versatile platform for traders and investors. It is known for having low transaction fees compared to other exchanges, especially if users pay using Binance Coin (BN, its native cryptocurrency.
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