This article has been translated from English to Gen Z Slang.
Binance is like the GOAT of crypto exchanges when it comes to daily trading volume worldwide. 🌍💸
It flexed with a lit trading volume of $34 trillion dollars back in 2021. Major moves, no cap. 📈💥
Founded in China by the legend Changpeng Zhao, aka CZ, Binance vibes from its HQs in the Cayman Islands and the Republic of Seychelles now. 🏝️
CZ used to be a dev working on high-frequency trading software—that's some big brain stuff, fam. 🤓💻
Binance is like the first pick for trading with more than 600 diff cryptos for international homies and over 100 digital assets for the US fam. 🤑
The Binance platform (not to be confused with the Binance.us vibes) serves low trading fees, supports a ton of cryptos, and offers a buffet of order types like Limit orders, market orders, trailing stop orders, post-only orders, peer-to-peer trading, margin trading, and one-cancels-the-other orders. Options on options, fr fr. 🎯🔥
After the US clamped down on Binance in 2019 due to financial regulatory tea, Binance rolled out Binance.us, a completely separate exchange that vibes with US’s FinCEN. 🚓🤝
Binance also dropped its own elite cryptos like Binance Coin (BNB) and Binance Smart Chain (BSC). 🚀🥇
As of August 2022, Binance is still riding the wave with a jaw-dropping trading volume of $34 trillion for the year. Big checks! 💰🏄♂️