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What is Binance (Cryptocurrency Exchange)?

2023-11-08 14:14
1 min.
Daniel Rivera
Crypto Terms Glossary: What is Binance (Cryptocurrency Exchange)?

Founded in 2017, Binance is a cryptocurrency exchange that offers spot trading, staking, lending, borrowing, a non-fungible token (NFT) marketplace, and numerous types of derivative trading solutions, among many other services. Binance also built and operates two distinct blockchains: BNB Smart Chain (formerly Binance Smart Chain) and BNB Beacon Chain (previously Binance Chain). Collectively, these two blockchains are referred to as simply BNB Chain.

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