The idea of stable coins is to provide a cryptocurrency without the notorious volatility of Bitcoin and other popular digital assets. In August 2018, Binance along with three other big exchanges raised $32 million for a stablecoin project. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound. In 2019, company announced Binance Jersey, an independent entity from its parent exchange, with the aim to expand its European influence. Months later, a similar memorandum was signed with the Malta Stock Exchange to develop a platform for trading security tokens. In April 2018, Binance signed a memorandum of understanding with the government of Bermuda. In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China. In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion, a title it has retained as of April 2021, despite competition from Coinbase, among others. The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. In 2013, he joined as the third member of the cryptocurrency wallet's team. 5 years birthday Binance cake in Paris in July 2022.ĬEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai the company built high-frequency trading systems for stockbrokers.
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