Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. The company was founded in China and its headquarters are in Shanghai.
However, the company has moved its operations to Japan and Taiwan after the Chinese government banned cryptocurrency trading in September 2017.
Binance is one of the most popular cryptocurrency exchanges in the world with over 10 million users. The company has a strong team of experienced professionals and has raised over $200 million from investors including Sequoia Capital, GMO Venture Partners, and Baiju Bhatt.
The company’s mission is to provide a safe and secure platform for users to trade digital assets. Binance is committed to complying with all applicable lAWS and regulations in each jurisdiction it operates in.
The company’s CEO is Changpeng Zhao, who is also known as CZ. He is a serial entrepreneur and has a background in computer science.
CZ founded Binance after working as the CTO at OKCoin, one of the largest cryptocurrency exchanges in China.
Binance is based in Malta, a small European island nation with a population of less than 500,000 people. The country has become a hub for cryptocurrency and blockchain companies due to its favorable tax lAWS and regulations.
Binance is also one of the largest employers in Malta with over 200 employees.
The Maltese government has been supportive of Binance and other blockchain companies operating in the country. In March 2018, the Prime Minister of Malta Joseph Muscat met with CZ and other members of the Binance team during a meeting at the United Nations Headquarters in New York City.
Muscat praised Binance for its positive impact on the Maltese economy and stated that he was looking forward to seeing the company grow further in Malta. Binance has also been working closely with the Maltese financial regulator MFSA to ensure that it complies with all local lAWS and regulations.
The MFSA has approved several applications from Binance related to setting up a crypto exchange, wallet service, and fiat-to-crypto exchange service in Malta. In July 2018, Binance announced that it had officially launched its crypto-fiat exchange service in Malta with support for the Euro (EUR) currency.