Launched in July 2017, Binance is the largest cryptocurrency exchange globally by daily trading volume.
Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind the name Binance is to represent this new paradigm in global finance which is Binary Finance, or Binance.
Apart from being the largest cryptocurrency exchange globally, Binance has rolled out an entire ecosystem of functions for its users. The Binance network includes Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects, all of which are using the power of blockchain technology to bring new-age finance to the world.
Binance has its own utility crypto token called Binance Coin or BNB Coin. This cryptocurrency is one of the top crypto series and investors always pay attention to its price movements. Following is the performance of BNB Coin in trading today.
Based on data from Coinmarketcap, BNB Coin fell 0.28 percent in the last 24 hours. The BNB Coin price is currently at Rp. 4.73 million with a trading volume of Rp. 9.6 trillion in the last 24 hours.
Meanwhile, Coinmarketcap’s current rating is 4. BNB Coin has a market capitalization of around IDR 747.8 trillion. Until now, there has been a circulating supply of 157.8 million BNB Coin, of which the maximum supply is not available.
Who Founded BNB?
Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of futures trading development. He spent four years with the company and then joined Fusion Systems as a partner.
Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since.