Binance
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Info
- Founded:
July 2017
- Founders:
Changpeng Zhao, Yi He
- Licenses:
Has licenses and registrations in over 30 jurisdictions including Italy, Dubai, Canada, Lithuania, Seychelles, and more
- Products:
Spot trading of over 350 cryptocurrencies, Derivatives trading (futures, options), Staking, DeFi services, NFT marketplace, Fiat-to-crypto onramps, Wallet services
Binance is licensed for crypto services in over 30 US states and several countries, with additional insurance coverage. It settled with US regulators in January 2023, agreeing to pay a fine without admitting to fraud. The platform offers a diverse range of staking products, encompassing over 100 cryptocurrencies across DeFi Staking, Launchpool, and BNB Vault. Users can earn rewards through various methods such as validating transactions and providing liquidity. Binance staking features flexible and locked terms, with tiered rewards for BNB holders and pools that aggregate user assets. The platform supports numerous languages but restricts access in certain countries like the USA and UK, operating Binance.US specifically for American users.
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