He was hired at this position in 2014 by Yi He, with whom he co-founded Binance several years later. 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. 2013–2017: company beginnings and move out of ChinaĬEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai the company built high-frequency trading systems for stockbrokers. History 5 years birthday Binance cake in Paris in July 2022. That same year, Binance shared client data, including names and addresses, with the Russian government. The UK's Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021. In 2021, Binance was put under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. Binance was initially based in China, then moved its headquarters out of China shortly before the Chinese government imposed regulations on cryptocurrency trading. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high frequency trading software. Over the last month, trades worth $176 million were settled on the chain, representing an impressive 149% growth, as per CryptoSlam.Binance Holdings Ltd., branded Binance, is a global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. The craze for NFTs has catapulted Bitcoin to become the second-largest blockchain for facilitating NFT transactions, eclipsing biggies like Solana and Polygon and trailing only Ethereum. The year 2022 also saw the creation and listing of over 2.5 million NFTs.Īre your BTC holdings flashing green? Check the Profit Calculator Over 370,000 new traders joined the platform, increasing the number of active traders by over 2.5 times and trading volume by 3.5 times from the previous year. Launched in June 2021, Binance NFT marketplace added over 600,000 weekly users over the course of 2022, according to Binance NFT 2022 Year in Review report. Users who trade at least one NFT on the platform during the promotional period, which extends up to 19 June, stand a chance to share a total of 80 Bitcoin NFTs as per the rewards structure. In order to boost Bitcoin NFT trading activity on its marketplace, Binance came up with a rewards program. With the addition of Bitcoin, Binance further elevated its stature as a multi-chain NFT marketplace, which currently supports NFTs from blockchains like Ethereum, BNB Chain and the recently added Polygon. Binance stated that it intends to add support for more collections in the days to come. You can now buy, deposit, withdraw and list NFTs from the #BTC network directly from your #Binance account □įind out more ➡️ /ZwYGaT2aUSīinance is the latest entrant to step into the world of Bitcoin NFTs after leading player Magic Eden launched a secondary marketplace for Ordinals in March.Īccording to the blog post, iconic NFTs like Bitcoin Punks and Bitcoin Frogs, which were extensively traded last month, were among the collections available on the Binance NFT marketplace. The #Bitcoin Network is now supported on Marketplace!
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