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.