If Bitcoin is digital gold and Ethereum is a global computer, then Binance is the world’s largest online shopping mall for everything crypto. It’s a place where millions of people go to trade, save, and learn about digital money.
Binance was launched in July 2017. It grew incredibly fast—within just 180 days of opening, it became the largest crypto exchange in the world by trading volume! It started in China but quickly moved its operations globally to serve people in almost every country.
The founder of Binance is Changpeng Zhao, known to everyone in the crypto world as “CZ.”
From Burgers to Blocks: Before becoming a billionaire, CZ worked at a McDonald’s as a teenager and did night shifts at a gas station to help support his family.
Tech Background: He studied computer science and built high-frequency trading software for stock markets before realizing that Bitcoin was the future.
The Motto: CZ is famous for his “Keep Building” attitude and for communicating directly with users on social media.
Binance is a cryptocurrency exchange.
The Hub: It’s a platform that connects buyers and sellers. If you want to trade your Bitcoin for Ethereum, or buy some Dogecoin, Binance is the giant marketplace that makes it happen.
More than just Trading: It’s an entire “ecosystem.” Imagine a mall that also has a bank (Binance Earn), a school (Binance Academy), and an art gallery (Binance NFT).
BNB (Build and Build): Binance has its own special coin called BNB. Using it on the site is like having a “VIP Membership Card”—it gives you discounts on fees and lets you join special events.
What can you actually do on Binance?
Trading: Swapping one digital coin for another instantly.
Binance Junior: A special feature launched in late 2025 specifically for kids and teens! It allows parents to set up sub-accounts for their kids to help them learn how to save and earn interest on crypto in a safe, restricted environment.
Learning: The Binance Academy is like a free online university where you can take quizzes and earn “badges” for learning how blockchain works.
Binance Pay: You can use the app to pay for things (like travel or gift cards) at real-world stores using your crypto.
Charity: Through Binance Charity, people use crypto to send help directly to those in need, ensuring the money isn’t lost to middle-men.
Check out the charts, the news, and the learning center here:
Official Resource: Binance.com
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