Last year it processed crypto trades worth about US$65 billion a day, Binance said, dominating the crypto trading landscape with more than half of the market, CryptoCompare data shows. The company also boasts a formidable social media presence, with over 10 million Twitter followers.īinance's global trading platform,, is by far the world's biggest cryptocurrency exchange. Zhao said in November tweet that Binance has more than 7,400 employees across the world. It has 120 million users, according to its website. The exchange offers spot and derivatives trading and a host of services from non-fungible tokens (NFTs) to crypto loans and asset management.

While its holding company is based in the Cayman Islands, Binance says it does not have a headquarters and has declined to state the location of its main exchange. Binance did not immediately respond to a request for comment for this story.īinance was founded in Shanghai in 2017, but later moved to Tokyo and then Malta. Commodity Futures Trading Commission (CFTC) also sued Binance over regulatory violations in March. Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a 'web of deception' that included artificially inflating its trading volumes and commingling customer funds. LONDON/WASHINGTON:The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S.

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