Binance
cryptocurrency exchange
Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao. It was initially based in China, then moved to Japan, subsequently left Japan for Malta, and currently has no official company headquarters.
Binance has been the subject of lawsuits and challenges from regulatory authorities. As a result, Binance has been banned from operating or ordered to cease operations in some countries, and has been issued fines. On 21 November 2023, Binance pled guilty to violating U.S. anti–money laundering rules and paid a $4.3 billion fine. The UK's Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021. In March 2025, Wall Street Journal uncovered that the company was in talks with the family of Donald Trump about business dealings. In August 2025, Wall Street Journal found that Binance was quietly administering a trading platform for the Trump family's World Liberty Financial. The company paid lobbyists $800,000 to lobby for a pardon from Trump for Binance founder Changpeng Zhao.
This brief starts where responsible research should: with the source description of “Binance” as cryptocurrency exchange. Everything that follows is an evidence route, not borrowed authority.
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The subject matters to the general reference register because the source frames it as cryptocurrency exchange. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Sep 21, 2026. The linked authority identifier is Q51403327. 1 of 3 selected statements include explicit references; 2 carry qualifiers and 0 use preferred rank. The first chronological checks are 2017, 2023, 2021 and 2025.
The absence of detail may reflect summary conventions rather than a lack of surviving documentation. The lead is largely declarative, so disagreement and counter-evidence require a deliberate search beyond the opening account. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
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This entry incorporates text from “Binance” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.