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Binance attained these heights by executing aggressively on several fronts: expanding geographically, adding to its listing of coins and tokens, and experimenting with new products, including its own decentralized exchange and exchange token.
Mario Gabriele • The Paradoxes of Coinbase
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In two years, Binance’s share of crypto trading had boomed, from 10 percent to 50 percent. It offered financial products that local regulators either had banned or had yet to approve, and the regulators did not seem willing to do much about it. Binance’s own exchange token, called BNB, was an example. BNB was to Binance what FTT was to FTX: a claim
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Selling what were in effect shares in itself to US retail investors on its own new US crypto exchange, Binance lifted the biggest middle finger to the US regulators. In the bargain, it juiced the value of BNB incredibly. When Binance formally opened its US exchange, in September 2019, the market cap of BNB was a bit shy of $3 billion. By the fall o
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
sari and added
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To summarize, Binance continues to be a first-mover for innovative initiatives within the crypto industry.
Zach Fitzner • Binance: A Case Study of BNB’s Success
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Binance continues to be the go-to liquidity provider for every major digital asset.
Zach Fitzner • Binance: A Case Study of BNB’s Success
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CZ was Changpeng Zhao, CEO of the crypto exchange Binance. Born in Jiangsu province, he was raised, from adolescence, in Canada, and educated there, returning eventually to China, with Canadian citizenship. He’d run through some ordinary jobs on the fringes of high finance—including a stint as a developer at Bloomberg—before landing as the chief te
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