Binance Holdings Ltd Company Profile - Overview (2024)

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Binance Holdings Ltd (Binance) is a cryptocurrency exchange platform. The company provides Binance Exchange for buying and selling cryptos; Binance Launchpad for launching new blockchain projects; Binance Academy for advanced crypto education; Binance Labs for innovative blockchain startups; Binance Live for broadcasting Web3 content; and Binance Card to convert crypto into fiat. It also provides services including spot and futures trading, margin trading, staking and lending, among others. Binance also supports cryptocurrencies, which include Bitcoin, Ethereum and Binance Coin. It serves products and services to investors, traders and blockchain developers. The company operates in Africa, the Americas, Asia and the Pacific, Europe and the Middle East. Binance is headquartered in George Town, Malta.

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Headquarters Malta

Address 23 Lime Tree Bay Avenue, George Town, XBX1420

Telephone 356 929 2283440

No of Employees 7,500

Industry Financial Services

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Products and Services

Products Services
Binance Gift Card Cryptocurrency Trading and Earning
Binance Exchange Spot Trading
Binance Academy Futures Trading
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In September, the company selected Grant Thornton Singapore to offer accounting and tax advisory services.
2024 New Products/Services In January, the company along with Gulf Innova unveiled Gulf Binance, a cryptocurrency exchange platform.
2023 Contracts/Agreements In October, the company entered into an agreement with Cristiano Ronaldo to revolutionize fan engagement within the sports and entertainment industry.

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Binance Holdings Ltd Company Profile - Overview (1)

Competitor Comparison

Key Parameters Binance Holdings Ltd BitGo, Inc. BitPay Inc Coinbase Inc Gemini Trust Company LLC
Headquarters Malta United States of America United States of America United States of America United States of America
City George Town San Francisco Alpharetta Wilmington New York City
State/Province - California Georgia Delaware New York
No. of Employees 7,500 12 - - -
Entity Type Private Private Private Private Private

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Executives
Name Position Board Since Age
Richard Teng Chief Executive Officer Senior Management 2023 -
Rachel Conlan Chief Marketing Officer Senior Management 2023 -
Alex O Investment Director- Binance Labs Senior Management - -
Andy C Investment Director-Binance Labs Senior Management - -
Eleanor Hughes General Counsel Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY

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Binance Holdings Ltd Company Profile - Overview (2024)

FAQs

Binance Holdings Ltd Company Profile - Overview? ›

Binance Holdings Ltd., branded Binance, is a global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software.

What is the company profile of Binance Holdings Ltd? ›

The company provides Binance Exchange for buying and selling cryptos; Binance Launchpad for launching new blockchain projects; Binance Academy for advanced crypto education; Binance Labs for innovative blockchain startups; Binance Live for broadcasting Web3 content; and Binance Card to convert crypto into fiat.

What does Binance company do? ›

Binance is the world's leading cryptocurrency exchange, catering to 169 million registered users in over 180 countries. With low fees and over 350 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.

Where is Binance US headquarters? ›

Binance.US was founded in 2019 and is based in San Francisco, California.

Who are the major investors in Binance? ›

Investors
  • Vertex Ventures Southeast Asia & India. — Venture Round - Binance. ...
  • Vertex Ventures China. — Venture Round - Binance. ...
  • Iron Key Capital. — Seed Round - Binance. ...
  • ICONIUM. — Initial Coin Offering - Binance. ...
  • Black Hole Capital. Yes. Series A - Binance. ...
  • Funcity Capital. Yes. ...
  • Limitless Crypto Investments. — ...
  • Fundamental Labs. —

Is Binance the parent company of Binance us? ›

As part of an effort to offer digital asset trading technology to its customers through the Binance.US platform, BAM Trading entered into licensing agreements with Binance Holdings Limited ("BHL"). BAM Trading and BHL share common majority ownership, but are not within the same corporate or management structure.

Is Binance a good company? ›

Overall, Binance offers a wide range of supported assets and trading options for global traders, and its rates are also some of the lowest in the industry. While there are some positives about the platform, its compliance issues are a cause for concern.

Is Binance legal in the US? ›

United States. In 2019, Binance was banned in the United States on regulatory grounds. In response, Binance and other investors opened Binance.US, a separate exchange designed to comply with all applicable US federal laws, which nonetheless is banned in six states: Hawaii, Idaho, Louisiana, New York, Texas, and Vermont ...

Is Binance a safe company? ›

Binance is generally considered a reputable and reliable cryptocurrency exchange. However, potential users should carefully consider their individual needs and risk toleance before deciding to use the platform.

Is Binance working in the USA? ›

Binance.US is available to most U.S. residents, unlike parent company Binance. But there are some restrictions. The exchange isn't available in Alaska, American Samoa, Hawaii, Maine, New York, the Northern Mariana Islands, Texas, the U.S. Virgin Islands and Vermont.

Is Binance under investigation in usa? ›

However, on Nov. 21, 2023, the U.S. Department of Justice (DOJ) officially announced criminal charges against Binance and CEO Changpeng Zhao. The main charge is vast flows of dirty money from countries including Russia, Iran and Cuba.

Is Binance a Russian company? ›

Binance was founded in 2017 in China by Canadian national Changpeng Zhao but following a crypto crackdown by Beijing, he moved its operations to locations including Singapore, Bahrain, Dubai, Paris and the Cayman Islands.

What happened with Binance? ›

Binance Holdings Limited (Binance), the entity that operates the world's largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department's investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money ...

Who is the biggest shareholder of Binance? ›

Sorting out CZ's Binance influence. Binance has barred former CEO Changpeng Zhao for life from running the company, but he will still have a powerful say in the company as its majority shareholder.

How many employees are in Binance? ›

Binance has approximately 11K employees as of August 2024. These team members are located across 6 continents, including AsiaNorth AmericaEurope.

How does Binance work? ›

Binance allows users to trade both crypto-crypto, as well as crypto-fiat. This means that users can trade cryptocurrencies and fiat money, interchangeably. If you don't already own some cryptocurrency, then you'll need to buy some with fiat money, first, before you can start trading.

Who is the current owner of Binance? ›

CEO Changpeng Zhao founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for stockbrokers.

Does Binance have a corporate account? ›

The Institutional Account Verification process is for business accounts only and not for personal accounts. For information on creating a personal account please see here.

How many members does Binance have? ›

According to data from Binance's official website, as of June 8, 2024, the number of global registered users on Binance has exceeded 200 million.

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