Binance, the world’s most popular Cryptocurrency exchange started its story in China and eventually had to move out due to the Cryptocurrency ban in China in September 2017. However, this did not stop the Cryptocurrency exchange become the most popular Cryptocurrency exchange.
The CEO of Binance, Changpeng Zhao popularly known as CZ had the Fintech experience needed to help Binance grow to what it has become. He had previously founded Fusion Systems in 2005, which was a company that built high-frequency trading systems for brokers, and in 2013 he joined Blockchain.info as a member of the team. CZ has also worked as the Chief Technological Officer at OKCoin before starting Binance.
One thing Binance has done ever since achieving success is its broad outlook of spreading Blockchain and Cryptocurrency adoption. As seen in a recent tweet Binance announced an update on the much awaited Binance chain.
#Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens. @cz_binance @ForbesAsia #ForbesBlockchain pic.twitter.com/0pc0r1lXd2
— Binance (@binance) December 4, 2018
Binance chain was first announced about nine months ago to add to its line of Crypto services offered such as Binance Labs which is a Blockchain technology incubator. Binance Chain is Binance’s very own Decentralized Exchange whereby its native token Binance token (BNB) will be used.
Binance is trying to improve decentralized exchanges, the same way it stepped up the game for centralized exchanges. As of now, Decentralized exchanges have issues such as poor liquidity, low user base, and thus lower trading volume. With Binance’s user base and popularity, it won’t be difficult to change the outlook of decentralized exchanges.
With the announcement stating that it will be released in a few months, Binance will soon change from a company to a community.
CZ Gets a Binance Tattoo to show his Commitment
Changpeng Zhao also got a Binance tattoo on his arm recently. He shares the story of Binance (Binary Finance) and its origin in a Medium article. This is CZ’s way of showcasing his long-term commitment and loyalty to the brand.
“Tattoo is the ultimate demonstration of loyalty, it should not be bought. It has to be voluntary.”
Did you like the news you just read? Please leave a feedback to help us serve you better