Wikipedia

User:KB at Binance/Binance Draft Proposal

< User:KB at Binance
Binance Holdings Ltd.
TypePrivate
IndustryCryptocurrency
Founders
Area served
Worldwide
Key people
Richard Teng, Yi He (co-CEOs)[1]
ProductsCryptocurrency exchange, cryptocurrencies
RevenueUS$12 billion (2022)
Number of employees
5,000 (2025)

Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange, as of 2025. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance has no official company headquarters.

Binance has been the subject of lawsuits and challenges from regulatory authorities throughout its history. As a result, Binance has been banned from operating or ordered to cease operations in some countries, and has been issued fines.

History

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Launch

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Changpeng "CZ" Zhao and Yi He cofounded Binance in 2017 after the two worked together at previous cryptocurrency companies. He wrote parts of the white paper for Binance's $15 million initial coin offering (ICO).[2] In July 2017, 200 million coins of the utility token Binance Coin, designed to pay the exchange's trading fees, were released. The token was originally based on the Ethereum network and later renamed to Build'N'Build (BNB).[3][4][5]

The company began operations in Shanghai and moved its servers out before the country banned ICOs in 2017.[6] Binance set up in Japan and sought licensing to operate, but once again had to relocate due to regulations.[7] In March 2018, Binance announced its intentions to open an office in Malta.[7] Binance announced more expansions in 2018, including plans to secure a license for operations in Jersey.[8]

Paxos and Binance announced a partnership to launch a stablecoin, Binance USD (BUSD), in 2019.[9] The coin, based on the Ethereum network, was Paxos-owned and operated but licensed the Binance brand.[10][11] Binance had its own, separate token that was similarly named Binance-Peg BUSD, which was a wrapped coin issued on multiple blockchains.[10][12]

Bloomberg reported in January 2019 that Binance had become the largest cryptocurrency exchange with a market capitalization of $1.3 billion.[13] During that year, 38% of Binance’s users were in the United States (US) and its second-biggest market was Japan.[14]

Binance's exchange began offering perpetual futures contracts during 2019, allowing leverage as high as 125 times the value of the contracts.[15] It also launched the site's first decentralized trading service, which allowed trades directly from a user's wallet.[16][15]

On May 7, 2019, Binance had a security breach during which hackers stole 7,000 Bitcoin, worth around $40 million at the time.[17][18] Binance halted all transactions for one week while investigating and pledged to reimburse customers from an emergency fund.[19][20][21] In June 2019, Binance paused the ability for US passport holders and anyone residing there to use its services while a new United States exchange, Binance.US, was being developed.[16] Later in 2020, Forbes reported a leaked document titled "TaiChi" that proposed the US based exchange to minimize regulatory impacts. The documents alleged that Binance.US would intentionally consume regulators' time while users learned how to avoid geographic restrictions with VPNs.[22] Binance denied the document and sued Forbes for defamation, but later dropped the lawsuit.[23]

Blockchain network Binance Smart Chain (BSC) launched in September 2020.[24] The BNB token moved to BSC in 2020, having been moved the prior year to Binance's other proprietary blockchain, BNB Beacon Chain.[25]

The company announced Binance NFT in 2021, as a marketplace and trading platform for NFTs on Binance's blockchain infrastructure.[26]

Regulatory challenges

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The US Internal Revenue Service (IRS) and the Department of Justice (DOJ) began investigations into Binance in May 2021 for allegations of money laundering and tax offenses.[27][28]

The BSC blockchain was renamed to BNB Chain in February 2022.[12] The following month, amidst the 2022 Russian invasion of Ukraine, Zhao refused to ban users from Russia, citing "financial freedom".[29] Binance later softened the tone of their opposition but not their policy, and also pointed to their donation of $10 million for humanitarian needs in Ukraine.[30]

Over 2022, Reuters released several investigative reports on Binance. In January, it reported on multiple instances where Binance had withheld information from government investigators or business partners and ignored warnings from its own compliance teams regarding money laundering risks and insufficient "know your customer" compliance. Binance disputed the accuracy of this report.[31] In April, Reuters reported that in 2021, Binance shared information with Rosfinmonitoring about funds raised by late Russian opposition leader Alexei Navalny's network.[32][33] In June, Reuters reported that Binance had acted as a conduit for money laundering. It estimated that $2.35 billion worth of transactions that Binance processed came from investment fraud, hacks, and drug sales.The report also estimated that $780 million dollars were laundered from the Russian darknet market Hydra, and €800 million from investment scams. The report also claimed that Binance had been used by the Lazarus Group to launder funds stolen by North Korea to support its weapons program. Binance disputed these findings.[34]

On 13 June 2022, Binance paused withdrawals of funds held in Bitcoin for a day, attributed to a large decline in value of cryptocurrencies.[35]

Data from Arkham Intelligence was revealed in January 2023 through an unsealed indictment against crypto currency exchange Bitzlato. US prosecutors accused Bitzlato of laundering $700 million through the Hydra Market and the data showed $15 million worth of crypto ended on Binance’s platform.[36]

During 2023, Binance saw a reduction in employees through the resignation of senior executives and two rounds of layoffs. Approximately one-third of employees were eliminated during this time.[37][38] The New York Department of Financial Services issued an order to Paxos to stop minting new BUSD tokens in February 2023.[39] At this time, Binance also announced it would also stop minting Binance-Peg BUSD.[40] Prior to this announcement, Bloomberg reported in January 2023 that Binance-Peg BUSD had been undercollateralized at times during 2020 and 2021 and had a gap larger than $1 billion three separate times.[41]

In June 2023, the United States Securities and Exchange Commission (SEC) sued Binance and Zhao over 13 charges about trading, bypassing regulation, and misleading investors. Within 24 hours, Binance had 790 million US dollars in outflows from investors.[42] On 21 November 2023 Binance pled guilty for money laundering and breaching international financial sanctions, separate from the SEC lawsuit. Binance had to pay $4.3 billion in penalties as a part of its plea deal. Zhao also pled guilty for failure to protect against money laundering and subsequently stepped down as chief executive officer (CEO). He was fined $50 million and sentenced to four months of imprisonment, which ended in September 2024.[43][44] As part of the $4.3 billion fine, the Commodity Futures Trading Commission received $950 million, having filed a 2023 lawsuit against Binance and Zhao, later assisting other federal agencies in its prosecutions.[45]

CEO transition

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Richard Teng succeeded Zhao as CEO in November, 2023.[46]

The Wall Street Journal reported in 2024 that some internal investigation employees at Binance were fired following a report from its market surveillance team. The report accused the firm DWF Labs of market manipulation. The firm was in the "VIP 9”, a name for clients making at least $4 billion in trades a month. Binance fired the head of the team, who they said collaborated too closely with one of DWF's competitors.[47]

The US victims of the October 7 Hamas attack on Israel sued Binance in January 2024 for allegedly facilitating Hamas by providing a funding mechanism.[48] Binance’s legal team filed to dismiss the suit and in March 2025, the Southern District of New York denied the request to throw out the case.[49]

A 2024 study by researchers at the University of Texas at Austin looked at five cryptocurrency exchanges from January 2020 to February 2024 and tracked how money flowed from victims to scammers. The results showed Binance was the most popular exchange in pig butchering scams for converting the funds to traditional money. Binance said it works with law enforcement to return money and freeze accounts and assisted in helping authorities seize $112 million.[50]

In November 2024, FTX filed a lawsuit against Binance, Zhao, and other executives for $1.8 billion. FTX alleges the funds were fraudulently transferred to Binance as part of equity repurchase with Sam Bankman-Fried.[51] The SEC dropped its lawsuit in May 2025.[52] On December 3, 2025 Yi He was appointed as co-CEO.[53]

Abu Dhabi’s financial regulator issued three licenses in December 2025, allowing regulated global trading.[54][55]

Operations

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Corporate structure

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Binance Holdings Ltd. is the parent company that owns Binance's trademarks and is based in the Cayman Islands.[56] Reuters estimated in 2022 that there were at least 73 regional companies behind the main exchange.[57]

Binance was the world's largest exchange in 2025 with 240 million users. That year, it had 5,000 employees, with one-fifth located in the United Arab Emirates.[58][59] There were over 500 employees located in Dubai and the company’s compliance team had over 750 people, as of 2023.[38]

Binance was founded in Shanghai, however it has not reported a centralized global headquarters since its departure from Japan in 2018.[56] Following the charges against the company and Zhao, Binance announced it would determine its global headquarters location. As of 2025, no location had been chosen.[60]

Binance first introduced a board of directors 2025, made up of 7 members, three of whom are independent directors.[60]

Partnerships and acquisitions

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The company's investments came through Binance Labs, the venture capital arm of Binance Holdings Ltd. After Zhao was released from prison in 2025, it was renamed to YZi Labs and it became a personal firm for Zhao and He.[61]

Binance has acquired other cryptocurrency focused companies including decentralized cryptocurrency wallet Trust Wallet in July 2018[62] and Japanese crypto company Sakura Exchange BitCoin in 2022. The Sakura acquisition allowed Binance to operate in the Japanese cryptocurrency market, as the smaller exchange had a local license while Binance did not.[63]

In August 2018, Binance along with three other large exchanges raised $32 million to fund the stablecoin project Terra. This was intended to facilitate cryptocurrency transactions with less volatility.[64] The following year, Binance announced a partnership with Israel-based payment processor Simplex.[65]

In July 2020, Binance announced it joined a Chinese partnership group to help facilitate the Belt and Road Initiative.[66][67]

Binance.US announced in December 2021 that it would acquire Voyager Digital's assets in a $1.02 billion deal, but this was called off in April 2023.[68]

In 2022, Binance invested US$500 million towards the acquisition of Twitter by Elon Musk.[69][70] Later that year, Binance offered to buy rival cryptocurrency exchange FTX's non-US operations and later backed out of the deal.[71][72][73]

In February 2022, Binance announced it was buying a $200 million stake in Forbes but the purchase did not go through after the public announcement.[23]

In March 2025, The Wall Street Journal reported that the family of Donald Trump through World Liberty Financial had entered into talks with Binance to acquire a stake in the US arm of the business. This coincided with a push from Zhao to receive a presidential pardon for his felony conviction. According to unnamed sources cited by the Wall Street Journal, Trump advisor Steve Witkoff was involved, although his office denied this. According to the Wall Street Journal, a pardon from President Trump would simplify a revival of Binance's presence in the US.[74][75] On March 12, 2025, it was announced that the Abu Dhabi government-backed investment fund MGX Fund Management Limited had made a $2 billion minority investment in Binance.[59]

WazirX

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In November 2019, Binance announced it was acquiring Indian bitcoin exchange WazirX, which became disputed in August 2022 when Binance founder Zhao claimed the deal was never signed.[76] In August 2022, India's Enforcement Directorate froze the assets of the WazirX as part of a money laundering investigation and news reports tied Binance as the owner of Indian exchange WazirX. Zhao claimed that the 2019 acquisition was never completed. WazirX co-founder disputed this, asserting that the company was acquired by Binance.[77][78] This dispute over ownership continued in 2024 when WazirX was a victim of a hack. Binance claimed again it did not, or ever, owned WazirX.[79]

Platform

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Binance's core service is a centralized cryptocurrency exchange platform.[16] It also has services such as Binance Wallet,[80] Binance Earn,[80] Binance Academy,[81][82] and an NFT marketplace.[83]

Marketplace

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Binance runs a cryptocurrency marketplace called Binance Exchange, which is the largest cryptocurrency platform, as of 2025.[61] It is the equivalent of the London, New York and Hong Kong stock exchanges combined.[84] The exchange has hundreds of different crypto assets, as of 2022.[80] Users hold their assets on the site's exchange or through a custodian and in 2024, it allowed some institutional traders to keep assets at independent banks.[85]

Binance.US

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In June 2019, Binance paused services for US passport holders and residents as it worked to open Binance.US, operated by BAM Trading services.[86][16]

In May 2021, the IRS and DOJ began its investigations into Binance and in June 2022, the (SEC) launched its investigation to determine if the 2017 ICO of BNB tokens was large enough that the sale of securities needed to have been registered.[87][27]

In February 2023, Reuters reported that over the first three months of 2021, Binance transferred over $404 million from a Binance.US account at Silvergate Bank to Merit Peak Ltd., a company managed by Zhao. Catherine Coley, then-CEO of Binance US, was quoted questioning the transaction in messages to another Binance executive, saying that no one mentioned the transfers. Coley left Binance.US shortly thereafter. The news report connected the transfers to the DOJ and the SEC investigation into the relationship between Binance.US and Binance. A Binance.US spokesperson called the information in the Reuters report outdated.[88]

US senators Elizabeth Warren and Chris Van Hollen formally requested documents related to Binance's compliance with regulations in March 2023 in a letter that accused Binance of facilitating criminal activity.[89] On 27 March 2023, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and Zhao. The lawsuit said Binance had not registered with the agency and accused it of not having effective programs or safeguards for anti-money laundering and determining the true identity of customers.[90][91]

In June 2023, the SEC said it was suing Binance and Zhao on 13 charges for alleged violations of US securities rules.[92] Binance.US announced the resignation of CEO Brian Shroder in September 2023 and a reduction of one-third of its staff, attributed as financial. Binance.US said the move was a consequence of the SEC’s civil suit and anti-cryptocurrency actions.[93] US senator Cynthia Lummis and US Representative French Hill called for the DOJ to take action against Binance in October 2023.[94]

Binance pled guilty in November 2023 to federal charges and fined $4.3 billion. Zhao was fined $50 million and stepped down as CEO.[45][95] This settlement was separate from the SEC lawsuit, which the agency dropped in 2025.[52] Trump pardoned Zhao in October 2025.[96]


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Binance faced growing global regulatory issues since it began. This includes increased scrutiny in cryptocurrency as the industry increased in popularity.[97] Binance also has a history of noncompliance with countries' registration requirements, causing national watchdogs to issue warnings, fines, or bar the exchange entirely.[57][56]

See also

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  • Bitfinex
  • BTCC (company)
  • Coinbase
  • Kraken
  • List of bitcoin companies
  • List of cryptocurrency exchanges

References

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  1. ↑ Clayton, James (2023-11-21). "Binance chief Changpeng Zhao pleads guilty to money laundering charges". BBC.
  2. ↑ Shen, Muyao; Lee, Justina (June 28, 2023). "Crypto's Most Powerful Woman Speaks Out as Crisis Rocks Binance". Bloomberg. Retrieved 23 October 2025.
  3. ↑ Kharif, Olga; Shukla, Sidhartha (6 Oct 2022). "A $568 Million Hack of Binance Coin Roils Crypto Sector Anew". Bloomberg News. Retrieved 8 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  4. ↑ Kharif, Olga (15 March 2019). "Hottest Crypto Coin's Massive Rally Echoes Bitcoin's Glory Days". Bloomberg News. Retrieved 8 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  5. ↑ Bambysheva, Nina (14 Feb 2023). "Binance Looks Beyond The Dollar For Stablecoin Replacement". Forbes. Retrieved 1 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  6. ↑ Xiao, Eva (30 November 2017). "Three months after launch, this unbanked crypto exchange made $7.5m in profit". Tech in Asia.
  7. 1 2 Nakamura, Yuji (2018-03-23). "World's Biggest Cryptocurrency Exchange Is Heading to Malta". Bloomberg. Retrieved 2018-03-24.
  8. ↑ "Crypto Giant Binance to Offer Euro Trading Pairs This Year". Bloomberg. 2018-06-11. Retrieved 2018-06-14.
  9. ↑ Sun, Mengqi (July 11, 2024). "SEC Ends Probe Into Paxos Over Binance USD Token". Wall Street Journal. Retrieved 22 October 2025.
  10. 1 2 Barr, Kyle (13 February 2023). "Binance Plans to 'Move Away' From Its Stablecoin After Regulators Slam BUSD Issuer". Gizmodo. Retrieved 1 August 2025.
  11. ↑ Howcroft, Elizabeth (11 August 2022). "Crypto derivatives volumes surge to $3.12 trillion in July - CryptoCompare". Reuters. Retrieved 22 August 2022. BinanceUSD - a stablecoin issued by crypto exchange Binance
  12. 1 2 Howcroft, Elizabeth (October 7, 2022). "Binance-linked blockchain hit by $570 million crypto hack". Reuters. Retrieved November 14, 2023.
  13. ↑ Nakamura, Yuji; Lun, Haidi (2018-01-11). "World's Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour". Bloomberg.com. Retrieved 2018-03-08.
  14. ↑ Ambler, Pamela (7 February 2018). "From Zero To Crypto Billionaire In Under A Year: Meet The Founder Of Binance". Forbes.
  15. 1 2 Kharif, Olga (2019-10-22). "Bitcoin Speculators Gain Upper Hand as Derivative Trading Surges". Bloomberg News. Retrieved 2021-01-21.
  16. 1 2 3 4 Russell, Jon (20 February 2019). "Binance releases a first version of its decentralized crypto exchange". TechCrunch. Retrieved 8 August 2025. Cite error: The named reference "Russell 2019" was defined multiple times with different content (see the help page).
  17. ↑ Kharpal, Arjun (8 May 2019). "Binance bitcoin hack: Over $40 million of cryptocurrency stolen". CNBC. Retrieved 8 May 2019.
  18. ↑ Valinsky, Jordan (8 May 2019). "Hackers steal $40 million worth of bitcoin in massive security breach". CNN. Retrieved 8 May 2019.
  19. ↑ Stewart, Emily (2019-05-08). "If bitcoin is so safe, why does it keep getting hacked?". Vox. Retrieved 2021-05-12.
  20. ↑ Thompson, Luke (2019-05-08). "Binance offers full refund after $40m hack". Asia Times. Retrieved 2021-05-12. The exchange continued to state that all transactions have been suspended while the investigation continues and that stolen funds will be reimbursed in full.
  21. ↑ Dillet, Romain (15 May 2019). "Binance resumes trading following $40M bitcoin hack". TechCrunch. Retrieved 13 May 2025.
  22. ↑ "Leaked 'Tai Chi' Document Reveals Binance's Elaborate Scheme To Evade Bitcoin Regulators". Forbes. Retrieved 2023-11-06.
  23. 1 2 Gottsegen, Will (3 Jun 2023). "Crypto's Richest Man Is Waiting Out the Chaos". Rolling Stone. Retrieved 22 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  24. ↑ McGleenon, Brian (29 October 2021). "Battle of the blockchains: Binance Smart Chain versus Ethereum". Yahoo! Finance. Retrieved 2022-09-10.
  25. ↑ Paz, Javier (5 Oct 2023). "How Binance Turned Its Failed Token ICO Into A Billion Dollar Windfall". Forbes. Retrieved 1 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  26. ↑ Bambysheva, Nina (27 Apr 2021). "Binance, World's Largest Crypto Exchange, Aims To Disrupt NFTs With Its DeFi Playbook". Forbes. Retrieved 1 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  27. 1 2 3 Schoenberg, Tom (2021-05-13). "Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths". Bloomberg.com. Archived from the original on 13 May 2021. Retrieved 2021-05-13.
  28. 1 2 "Binance under investigation by Justice Department, IRS – Bloomberg News". Reuters. 2021-05-13. Retrieved 2021-05-13.
  29. ↑ "Ukraine crisis: Crypto exchange boss rejects Russian user ban". BBC News. 2 March 2022.
  30. ↑ "How the Ukraine conflict became a turning point for cryptocurrency". NBC News. Retrieved 2022-03-07.
  31. ↑ Berwick, Angus; Wilson, Tom (21 January 2022). "Crypto giant Binance kept weak money-laundering checks even as it promised tougher compliance, documents show". Reuters. Retrieved 15 May 2024.
  32. ↑ Berwick, Angus; Wilson, Tom (2022-04-22). "Special Report: How crypto giant Binance built ties to a Russian FSB-linked agency". Reuters. Retrieved 2022-04-22.
  33. ↑ "What we know about Alexei Navalny's death in Arctic Circle prison". BBC News. 2024-02-16. Retrieved 2024-04-09.
  34. ↑ Berwick, Angus; Wilson, Tom (6 June 2022). "How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers". Reuters. Retrieved 15 May 2024.
  35. ↑ Brooks, Khristopher J. (13 June 2022). "Cryptocurrency prices plunge as major exchanges halt trading". Moneywatch. CBS News. Retrieved 30 April 2025.
  36. ↑ Rohan Goswami; MacKenzie Sigalos (January 19, 2023). "Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering". CNBC. Retrieved April 12, 2024.
  37. ↑ Wilson, Tom; Shekhawat, Jaiveer; Wilson, Tom (7 July 2023). "Crypto exchange Binance hit by executive exodus". Reuters. Retrieved 23 July 2023.
  38. 1 2 3 Kharif, Olga (12 Sep 2023). "Binance US CEO Departs as Crypto Platform Cuts Third of Staff". Bloomberg News. Retrieved 12 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link) Cite error: The named reference "Kharif 2023" was defined multiple times with different content (see the help page).
  39. ↑ Kowsmann, Patricia; Ostroff, Caitlin (13 February 2023). "Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance Token". Wall Street Journal. Retrieved 2023-02-13.
  40. 1 2 Nicolle, Emily (13 Feb 2023). "Stablecoin Issuer Circle Warned New York Regulator About Rival Binance's Token". Bloomberg News. Retrieved 8 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link) Cite error: The named reference "Nicolle 2023" was defined multiple times with different content (see the help page).
  41. ↑ Nicolle, Emily; Shen, Muyao (10 January 2023). "Binance Acknowledges Past Flaws in Maintaining Stablecoin Backing". Bloomberg News. Retrieved 11 January 2023.
  42. ↑ Hamilton, Katherine (6 June 2023). "Binance Out $790 Million As Investors Move Assets After SEC Lawsuit, Research Firm Reports". Forbes. Retrieved 6 September 2023.
  43. ↑ Michaels, Dave; Ostroff, Caitlin (30 April 2024). "Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months". The Wall Street Journal. Retrieved 15 October 2025.
  44. ↑ Ballhaus, Rebecca; Berwick, Angus; Dawsey, Josh; Kowsmann, Patricia (23 October 2025). "Trump Pardons Convicted Binance Founder". The Wall Street Journal. Retrieved 17 November 2025.
  45. 1 2 3 4 Michaels, Dave (4 December 2023). "Binance Copped a $4 Billion Plea but Is Still Fighting the SEC". The Wall Street Journal. Retrieved 22 October 2025. Cite error: The named reference "Michaels 2023" was defined multiple times with different content (see the help page).
  46. ↑ Palma, Stefania; Chipolina, Scott (2023-11-21). "Binance chief resigns as crypto exchange pays $4bn in fines". Financial Times. Financial Times. Retrieved 22 November 2023.{{cite news}}: CS1 maint: deprecated archival service (link)
  47. ↑ Berwick, Angus; Yu, Elaine (9 May 2024). "Binance Pledged to Thwart Suspicious Trading—Until It Involved a Lamborghini-Loving High Roller". The Wall Street Journal. Retrieved 15 October 2025.
  48. ↑ Katersky, Aaron. "Crypto exchange Binance sued by Hamas hostages, Oct. 7 victims' families for allegedly 'facilitating terrorism'". ABC News. Retrieved 2024-02-20.
  49. ↑ Tress, Luke (6 March 2025). "US judge rules crypto lawsuit seeking billions for Oct. 7 victims can move forward". The Times of Israelf. Retrieved 22 October 2025.
  50. ↑ Faux, Zeke (1 March 2024). "$75 Billion Lost to Pig-Butchering Scam, New Study Estimates". Bloomberg. Retrieved 15 May 2024 – via Fortune.
  51. ↑ Nicolle, Emily. "FTX Sues Binance, Former CEO Zhao Seeking $1.8 Billion Clawback". Bloomberg. Retrieved 2024-11-11.
  52. 1 2 Gannon, Pete (29 May 2025). "SEC drops suit against Binance". Axios. Retrieved 28 October 2025.
  53. ↑ Butts, Dylan (25 November 2025). "Meet Binance's new co-CEO Yi He: The mysterious and omnipresent 'life partner' of CZ". CNBC. Retrieved 8 December 2025.
  54. ↑ Berwick, Angus (14 December 2025). "Crypto's Biggest Players Troop to Abu Dhabi, Looking for a Financial Boost". The Wall Street Journal. Retrieved 17 December 2025.
  55. ↑ Dooler, Alex (7 December 2025). "Crypto Exchange Binance Gains Regulatory Win in Abu Dhabi". Bloomberg. Retrieved 17 December 2025.
  56. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Lee, Justina (27 March 2023). "A Timeline of Binance's Run-Ins With Global Crypto Regulators". Bloomberg. Retrieved 22 October 2025.
  57. 1 2 Wilson, Tom; Berwick, Angus (17 October 2022). "How Binance CEO and aides plotted to dodge regulators in U.S. and UK". Reuters. Cite error: Unknown parameter "0" in <ref> tag; supported parameters are dir, follow, group, name (see the help page).
  58. ↑ Khalili, Joel (12 Feb 2025). "Binance Moved Fast, Broke Things—and Paid the Price. Richard Teng Is Cleaning Up". Wired. Retrieved 23 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  59. 1 2 Howcroft, Elizabeth; Maccioni, Federico (12 March 2025). "Abu Dhabi-backed investor buys into Binance with $2 bln of crypto". Reuters. Retrieved 29 March 2025.
  60. 1 2 Maccioni, Federico (9 Dec 2024). "Binance still to choose location for global headquarters, CEO Teng says". Reuters. Retrieved 22 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  61. 1 2 Shen, Muyao; Ghosh, Suvashree; Weeks, Ryan (January 23, 2025). "Crypto's Richest Man Turns VC Firm Into Giant Family Office". Bloomberg. Retrieved 22 October 2025. Cite error: The named reference "Shen 2025" was defined multiple times with different content (see the help page).
  62. ↑ Russell, Jon (31 July 2018). "Crypto exchange Binance buys Trust Wallet in first acquisition deal".
  63. ↑ "Binance re-enters Japanese crypto market with Sakura Exchange acquisition". Financial Times. 30 November 2022.
  64. ↑ "Binance and Other Crypto Exchanges Back $32 Million Stable Coin Project". Fortune. Archived from the original on 29 August 2018. Retrieved 2018-08-30.
  65. ↑ Russell, Jon (31 January 2019). "Binance now lets users buy crypto with a credit card". TechCrunch. Retrieved 31 January 2019.
  66. ↑ Qu, Tracy (2020-07-20). "Covid-19 has been 'net positive' for cryptocurrencies, Binance founder says". South China Morning Post. Retrieved 2023-02-18.
  67. ↑ "Binance forges China supply-chain partnership". Asia Times. 3 July 2020. Retrieved 18 February 2023.
  68. ↑ Melinek, Jacquelyn (27 April 2023). "Binance.US sailed away from its $1.3B deal with Voyager, now what?". TechCrunch. Retrieved 7 May 2023.
  69. ↑ Hu, Krystal (2022-10-28). "Crypto exchange Binance, Musk's co-investor, to help Twitter with blockchain". Reuters.
  70. ↑ Kowsmann, Patricia (2022-10-28). "Crypto Exchange Binance Confirms $500 Million Investment in Elon Musk's Twitter". The Wall Street Journal.
  71. ↑ Yang, Yueqi; Kharif, Olga (2022-11-08). "CZ's Binance to Buy Rival FTX After Sam Bankman-Fried Faces Liquidity Crunch". Bloomberg News.
  72. ↑ Sigalos, MacKenzie (2022-11-08). "Binance offers to buy FTX's non-U.S. operations to fix 'liquidity crunch'". CNBC.
  73. ↑ Sigalos, MacKenzie; Rooney, Kate (2022-11-09). "Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse". CNBC.
  74. ↑ Ballhaus, Rebecca; Kowsmann, Patricia; Berwick, Angus; Dawsey, Josh; Ostroff, Caitlin (13 March 2025). "Trump Family Has Held Deal Talks With Binance Following Crypto Exchange's Guilty Plea". Wall Street Journal. Retrieved 29 March 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  75. ↑ Faux, Zeke; Muyao, Shen; Kocieniewski, David; Cormier, Anthony (13 March 2025). "Trump Crypto Venture Has Talked to Binance About Doing Business". Bloomberg. Retrieved 29 March 2025 – via msn.com.
  76. ↑ "Disputed claims over acquisition announcement between WazirX and Binance". Insider Apps. Retrieved 2022-08-12.
  77. ↑ Singh, Manish (5 August 2022). "Binance says it doesn't own Indian exchange WazirX, years after acquisition announcement". TechCrunch.
  78. ↑ "India freezes assets of Binance-owned local unit WazirX". reuters.com. Reuters. 5 August 2022. Retrieved 5 August 2022.
  79. ↑ "Binance accuses WazirX CEO Nischal Shetty of misleading customers after wallet attack". The Hindu. 18 September 2024. Retrieved 22 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  80. 1 2 3 Dillet, Romain (7 December 2022). "Binance's bitcoin reserves are fully collateralized according to auditing firm Mazars". TechCrunch. Retrieved 8 August 2025. Cite error: The named reference "Dillet 2022" was defined multiple times with different content (see the help page).
  81. ↑ Park, Kate (6 February 2023). "Binance acquires majority stake in Korean crypto exchange GOPAX". TechCrunch. Retrieved 8 August 2025.
  82. ↑ Silberling, Amanda (6 March 2024). "Binance made crypto perfume in a baffling attempt to woo women". TechCrunch. Retrieved 8 August 2025.
  83. ↑ Mason, Emily (30 Jul 2021). "Binance Sheds Products As Regulators Around The World Zero-In". Forbes. Retrieved 1 August 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
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  94. ↑ Matthews, Chris (27 October 2023). "U.S. adds Hamas sanctions as crypto industry fights back against funding claims". MarketWatch. Retrieved 8 November 2023.
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  99. ↑ Taylor, Josh (18 May 2023). "Westpac bans transfers to world's largest crypto exchange Binance". The Guardian. Retrieved 16 October 2025.
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  105. ↑ "France investigates Binance over money-laundering, canvassing breaches". Reuters. 2023-06-16. Retrieved 2023-06-19.
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  107. ↑ "Binance withdraws application for crypto license in Germany". Reuters. July 26, 2023. Retrieved 22 October 2025.{{cite news}}: CS1 maint: deprecated archival service (link)
  108. ↑ "Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp among 9 offshore crypto cos banned by FinMin". www.fortuneindia.com. 2023-12-09. Retrieved 2023-12-29.
  109. ↑ Singh, Manish (15 August 2024). "Binance restarts services in India after seven-month regulatory halt". TechCrunch. Retrieved 22 October 2025.
  110. ↑ Bartenstein, Ben (28 May 2022). "Binance Gets Back Into Italy With New Registration". bloomberg.com. Retrieved 26 August 2022.
  111. ↑ Wilson, Tom; Irrera, Anna (15 July 2021). "Crypto exchange Binance unauthorised, says Italian regulator, as crackdown widens". reuters.com. Retrieved 26 August 2022.
  112. ↑ Cheng, Evelyn (23 March 2018). "Japanese regulator warns major cryptocurrency exchange for operating without a license, bitcoin falls". CNBC. Retrieved 22 October 2025.
  113. ↑ Steiner, Rupert (28 June 2021). "Regulators Warn Against Binance Exchange But Cryptocurrencies Are Rising – Here's Why". Barrons. Retrieved 2 May 2024.
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