Binance is a blockchain infrastructure startup founded in 2017. Their main service, binance.com exchange, is the biggest crypto exchange in the world. Binance built a number of other platforms to expand their ecosystem and scale Binance brand. Here is an overview of Binance ecosystem.
Some points why I am optimistic about their future
Changpeng Zhao „CZ“ (CEO of Binance), a guy who enjoys to be laser focused and create luck, has managed to build a very strong team. Binance Team has an outstanding execution culture and they are not tired to prove it again and again. This very culture and capability are one of the main reasons I think Binance is going to become bigger over time.
Binance is doing it the crypto way
Binance is a real crypto company. They raised 15m USD for giving out their native ecosystem Token BNB. Their exchange is crypto-crypto only. They don’t have a FIAT bank account. They are not here to accumulate FIAT. They only use FIAT to pay portions of the salaries and other bills which cannot be paid otherwise.
CZ (https://twitter.com/cz_binance) actively engages with crypto twitter community and shows up for live AMA’s. This has a strong impact and adds r
Binance is known for having the strongest security standards and technology out there. Although no IT infrastructure is 100% safe from being hacked, Binance is doing a very good job in reducing the risks towards zero. Here are some of their security features:
■ SMS Authentication
■ Google Authentication
■ Anti Phishing Code
■ Address Whitelist
■ IP whitelist (for API Key access)
■ Binance’s Secure Asset Fund for Users (#SAFU) (link)
■ Binance’s Security Education on Binance Academy (link)
They also run
Some things I would enjoy to see
■ More partners for FIAT on/off ramps to binance.com
■ For every Binance Hoodie purchased in a perhaps upcoming
merchandise store, 1 BNB goes to Binance Charity.
■ Exploring distributed governance concepts
Disclaimer: This is my personal opinion. This article is not financial advice in any way. I don’t recommend to buy, sell or hold any crypto asset. Crypto assets can fluctuate widely in value and all of your capital can be lost.