Entity: BINANCE
Binance is the largest centralized crypto exchange known for low trading fees, a wide range of supported cryptocurrencies, and various order types. It also includes Binance DEX, the company's decentralized exchange, and BNB Chain, its blockchain platform.
Binance
Etymology
The origin of the term 'Binance' is not explicitly defined in available sources.
Definition
Binance is a prominent centralized cryptocurrency exchange founded in 2017 by Changpeng Zhao. It is known for its low trading fees, extensive support for various cryptocurrencies, and a wide range of order types.
Historical Context
Binance initially operated on Ethereum but later transitioned to its own Binance Chain and Binance Smart Chain.
Cultural Significance
Binance has become a popular platform among millions of crypto investors worldwide due to its user-friendly interface and diverse offerings.
Related Concepts
- Binance DEX: Binance's decentralized exchange
- BNB Chain: Binance's blockchain platform
See Also
A prominent centralized cryptocurrency exchange founded in 2017 by Changpeng Zhao, offering a diverse range of trading options and services.