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Binance history
Binance company history timeline
Binance Coin was launched with an initial coin offering (ICO) in July 2017.
The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.
In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.
In August 2018, Binance along with three other big exchanges raised $32 million for a stablecoin project.
In January 2019, Binance announced that it had partnered with Israel-based payment processor Simplex to enable cryptocurrency purchases with debit and credit cards, including Visa and Mastercard.
On 7 May 2019, Binance revealed that it had been the victim of a “large scale security breach” in which hackers had stolen 7,000 Bitcoin worth around United States$40 million at the time.
In September 2019, the exchange began offering perpetual futures contracts, allowing leverage as high as 125 times the value of the contracts.
In 2019, company announced Binance Jersey, an independent entity from its parent Binance.com exchange, with the aim to expand its European influence.
On 21 February 2020, the Malta Financial Services Authority (MFSA) issued a public statement responding to media reports referring to Binance as a 'Malta-based' cryptocurrency company.
Binance has consistently performed quarterly burns, the latest being the 13th quarterly burn on October 17, 2020.
In May 2021 it was reported that Binance was under investigation by both the Internal Revenue Service and the United States Department of Justice on allegations of money laundering and tax offenses.
As of 2021, Binance Coin was the cryptocurrency with the third highest market capitalization.
In February 2022, Binance announced that it plans to spend $200 million to buy a minority stake in Forbes via a SPAC transaction.
In March 2022, amidst the Russian invasion on Ukraine, Binance's CEO Changpeng Zhao, refused refused to ban the users from Russia, citing "financial freedom."
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Zippia gives an in-depth look into the details of Binance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Binance. The employee data is based on information from people who have self-reported their past or current employments at Binance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Binance. The data presented on this page does not represent the view of Binance and its employees or that of Zippia.
Binance may also be known as or be related to Binance and Binance Holdings Limited.