The centralized part of “CeDeFi” did not seem to help, though.
Founded in 2017 by Changpeng Zhao (commonly known as CZ), Binance has become one of the largest crypto-asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
Binance offers a range of products including crypto futures trading, margin trading and lending, powered by centralized and decentralized exchange platforms.
In April 2019, the company launched its own blockchain, Binance Chain, which is secured by a delegated proof-of-stake consensus. Binance Coin (BNB) is the protocol currency for the blockchain as well as the utility token for Binance’s exchange services. Binance Launchpad is a token sale platform that assists in launching blockchain ventures.
In the three years since its launch, Binance has become home to a variety of projects and initiatives ranging from exchange services, blockchain protocols and charity work, to venture accelerators — maintaining momentum through a constant dance of regulatory arbitrage as the exchange extends and launches services in jurisdictions across the world.
“Binance has always operated within the boundaries of the law,” said CZ.7814
Over 200 firms in Simplex’s network can enable euro cashouts from Tether.5186
Decentralized music sharing service Audius has raised nearly $10 million so far.8127
Bitcoin's balance on three popular exchanges decreased by 390k BTC over the past 9 months.26451
Cloud crypto trading software says it has unveiled a range of new features that makes its trading bots easier to use.3819
All accounts on Binance Jersey will be inaccessible as of Nov. 30.16240
Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs?4859
More than 180 projects have applied for grants since the $100 million accelerator fund was announced in September.8749
Despite Binance recording the highest crypto derivatives volume in September, OKEx seems to be fighting back.8094
LocalBitcoins’ website has been blacklisted in one of its key markets.2904
Overall trading volume was down on derivatives exchanges, but one day set a new yearly high.3999
SBI now has two licensed crypto trading platforms in Japan.8722
A spokesperson for Tao Tao said it "could not agree on a strategy" with Binance.4282
Binance Futures’ DeFi Composite Index has lost half of its value since launching, while TokenSets’ DeFi Pulse Index is down by one-third.10520