In early 2017, Binance held an ICO in July of the said year and it was founded by Chinese Entrepreneurs, investors, Businessman Changpeng Zhao or CZ. CZ is a Chinese-Canadian business executive who owned the world's largest cryptocurrency exchange by trading volume, as of 2018. Based on the history Zhao was previously one of the team member that developed blockchain and become Chief Technology Offier or CTO of OKCoin. He's 42 years old, Born in Jiangsu China in 1977 with $1.4 Billion Networth.
We all know that Cryptocurrency exchanges is part of crypto world. That whales can invest, buy and sell of the said Cryptocurrency token or coin. When Bitcoin boom, Binance is quickly raised to the top of the cryptocurrency exchanges. His BNB or the Binance coin played major part of the ecosystem as to why Binance has succeeded as much as it with a small period of time. This token BNB was introduced fo a small, but significant reason. The cryptocurrency world is renowned for insane growth, and Binance raise almost $15 Million around ICOs at that time.
In just 150 days after launching BNB, Binance was ranked as one of the top 3 largest crypto exchanges globally and all crypto medias making news for the first six months of existence.
Binance has a unique and very strict KYC/AML regulations including face recognition, 2FA, and more. One of the reason why Binance growth is Insane is when hZhao made a tweet that "Binance does not list shit Coins regardless of any fees they may offer to pay"
Antoni Trenchev co founder of Nexo is also shares a relationship with Binance and they decieded to accept BNB as collateral on crypto backed loans. From the start up until today, Binance growth is still amazing from Centralized exchange to Dex, To margin, To features, and more. From Security features, KYC/AML and more.
Hoping more unique strategy and innovation about Binance exchange soon.