Binance is the world’s largest cryptocurrency exchange by trading volume and number of users. It was founded in 2017 by Changpeng Zhao and became a market leader within just a few years. On Binance, users can buy, sell, and store cryptocurrencies, as well as use advanced trading tools such as futures, margin trading, staking, and P2P exchange. The platform has its own token, BNB (Binance Coin), which is used to pay fees and participate in the financial ecosystem.