DEV Community

Cover image for World Largest Cryptocurrency Exchange, Binance

Posted on

World Largest Cryptocurrency Exchange, Binance

Binance was started as a cryptocurrency exchange in 2017 in the Cayman Islands.

Binance has reached the peak of the Crypto business niche by attaining the World's largest cryptocurrency exchange. Binance has 1,527,524 BTC 24hr trading volume. Binance is moving beyond the crypto exchange into an ecosystem with broad features like Blockchain labs, Research, Academy, Charity, & Binance Chain.

There is Man behind the success of Binance, Changpeng Zhao, CEO of Binance and also known as “CZ,”. Binance CEO CZ, the crypto entrepreneur, surpassed Mukesh Ambani, Asia’s richest billionaire.

CZ has become the richest crypto billionaire with $96 billion, without his (personal) crypto holdings like Bitcoin and BNB coin. Binance is the world's largest crypto exchange in terms of the trading volume.

CZ has become the 11th among the world's richest people as Binance.
If the BNB coin goes at the same pace as 1300% appreciation in 2021 then CZ will become one of the top 10 Billionaires.

Binance’s growth orbit signals a chance of surpassing tech giants such as Meta’s Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.

Now, Tesla CEO Elon Musk leads the billionaires’ list with an estimated wealth of $263 billion. While Zuckerberg, Page, and Brin rank 5th, 6th, and 7th, respectively.

The success of Binance can be attributed to CZ’s constant actions to accrue operating licenses across jurisdictions globally. Despite struggles in regulatory policies in various countries, it makes tie-ups and partnerships with various organizations to remain a leader in the crypto trading niche.

This way Binance is ruling the crypto world its multiple features and functionalities in the world crypto market. Cryptocurrency is becoming the mainstream investment among the global people. Many celebrities and leaders have started adopting cryptocurrencies and NFTs.

In 2022, crypto era more and more people are interested in investing in cryptocurrencies, and NFTs. The cryptocurrency exchange business is booming with more new crypto holders worldwide. Starting a cryptocurrency exchange like Binance would be a futuristic business plan for this crypto era. One can start their cryptocurrency exchange with a readymade script like a Binance clone.

Discussion (0)