How Binance Became Biggest Crypto Exchange: WSJ

The world’s fastest-growing major financial exchange has no head office or formal address, lacks licences in countries where it operates and has a chief executive who until recently wouldn’t answer questions about his location, The Wall Street Journal reported.

Started just four years ago, Binance is the exchange giant that towers over the digital currency world, a crypto equivalent of the London, New York and Hong Kong stock exchanges combined.

Founded by Changpeng Zhao, Binance processes more trades for cryptocurrencies such as bitcoin and ether each day, $76 billion worth, than its four largest competitors put together, according to data provider CryptoCompare.

Read the full report: The Wall Street Journal

UK Regulator Says It’s Unable to Oversee Crypto Exchange Binance: FT

Ban Doesn’t Deter Singapore Crypto Investors: Straits Times

Tags: Binance

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.