Mapping out Binance

Quick Take

  • Binance was founded in 2017 by Changpeng Zhao and Yi He
  • The firm raised $15M in an initial coin offering to build its operations and exchange services
  • Binance has nearly 40 publicly disclosed team members, despite claims that the company has more than 300 employees

Since it was founded less than two years ago, Binance has become a juggernaut in the crypto industry. The exchange has consistently been the largest by trading volume, serving over 10 million users in over 180 countries and regions. Furthermore, despite the ongoing bear market, Binance pulled in an estimated $446 million in profit in 2018.