If you reside in one of these places where you are unable to access, or you are not entirely satisfied with Binance’s service, you may want to consider a worthy alternative. Regarding the US, Binance has launched a more regulatory compliant subsidiary dubbed Binance America ( Binance.US), which operates in more than forty states and offers limited features compared to globally-available.
Some of the countries that banned Binance include Singapore, Japan, Malaysia, and the United States. As of 2021, the company has no headquarters, and the public is unaware of its officially registered public offices.Įxpectedly, this situation has not boarded with some regulators who have officially banned the operation of Binance within their jurisdictions. From its initial Hong Kong headquarters, it moved to Japan, then to Malta. The platform now reports more than $2 Billion in daily trading volume consistently, with these figures rising during peak seasons or periods of high volatility.īinance has faced ever-increasing restrictive regulatory policies from its launch date, and to avoid them, the exchange’s management opted to leverage regulatory arbitrage. The exchange was launched through an initial coin offering (ICO), a rather ubiquitous fundraising method for blockchain projects at the time.ĭespite its relatively recent entrance into the crypto exchange scene, Binance has managed to capture a majority of the market share. CZ previously worked for and as the CTO for the OKCoin crypto trading platform. Binance, a cryptocurrency exchange launched in China back in 2017, was founded by Changpeng Zhao, who is more popularly known as CZ (his initials).
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