The cryptocurrency exchange platform Binance was founded in 2017 by software developer Changpeng Zao. Due to China's government ban on cryptocurrency, the company moved to Japan but is headquartered in the Cayman Islands. In 2018, Binance was named the largest cryptocurrency exchange.
Binance is under investigation by the IRS and U.S. Department of Justice on allegations of money laundering and tax offenses.
Release Date: 2017
Founder: Changpeng Zao
Location: Cayman Islands
Traded on: Not publicly traded
Valuation: $50 billion
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