What is Binance. Things you should know

Binance is one of the world's largest and most popular cryptocurrency exchanges. It was founded in 2017 by Changpeng Zhao (often referred to as CZ) and is headquartered in Malta. Binance provides a platform for users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins.

The platform offers various features, including spot trading (where users can exchange one cryptocurrency for another), futures trading (where users can speculate on the future price of cryptocurrencies), options trading, staking, savings products, and more. Binance also introduced its own native cryptocurrency called Binance Coin (BNB), which can be used to pay for trading fees on the platform and participate in various ecosystem activities.

Over time, Binance has expanded its services beyond just trading to include other products and services like Binance Launchpad (for token sales and initial coin offerings), Binance Academy (an educational platform about blockchain and cryptocurrencies), and Binance Charity (a blockchain-powered charity foundation). Binance has gained significant popularity due to its user-friendly interface, wide variety of supported cryptocurrencies, and innovative features.

However, it's important to note that the cryptocurrency space is constantly evolving, and there might have been developments or changes related to Binance that have occurred after my last knowledge update in September 2021. Always make sure to verify the latest information from reliable sources before making any decisions or investments.