In June 2018, Binance and three other firms raised $65 million for sports blockchain company Chiliz. The charity's goal is to support the advancement of blockchain-enabled philanthropy with a focus on third-world countries. In April 2018, Binance launched the Binance Charity Foundation. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound. In 2019, company announced Binance Jersey, an independent entity from its parent exchange, with the aim to expand its European influence. Months later, a similar memorandum was signed with the Malta Stock Exchange to develop a platform for trading security tokens. In April 2018, Binance signed a memorandum of understanding with the government of Bermuda. In March 2018, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China. In January 2018 it was the largest cryptocurrency exchange with a market capitalization of $1.3 billion, a title it had retained as late as April 2021, despite competition from Coinbase, among others. 2018–2019: launch of stable coin and security breach The company was founded in 2017 in China but moved its servers and headquarters out of the country in advance of the Chinese government's ban on cryptocurrency trading in September 2017. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. In 2013, he joined as the third member of the cryptocurrency wallet's team. 2013–2017: company beginnings and move out of ChinaĬEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai the company built high-frequency trading systems for stockbrokers. Please refer to our Terms of Use for more information.5 years birthday Binance cake in Paris in July 2022. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. We will be unable to recover tokens sent to the wrong network address.ĭownload the Binance.US app to trade on the go: iOS | Androidįollow us on social media to stay up to date with Binance.US news and announcements:īinance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. Do not send ERC20 NEAR tokens to your Binance.US wallet. Binance.US does not currently support Ethereum (ERC20) NEAR deposits and withdrawals. Please note that Binance.US supports mainnet and BNB Chain (BEP20) NEAR. This new market structure will deliver incredible value to the world and allow all US investors access to a highly competitive and high-growth Layer 1 ecosystem.”

As early backers of both projects, watching the maturation of both organizations has been powerful. “We are thrilled to be supporting mainnet NEAR on Binance.US as we continue to deliver more value for our institutional investors,” said Tricia Lin, Head of Listings for Binance.US.Īn early investor in both Binance.US and NEAR Network, Tom Serres, Co-Founder and Managing Partner at Warburg Serres said, “Warburg Serres is extremely proud to see Binance.US and NEAR Network come together in a meaningful way. Known for its speed and efficiency, NEAR Protocol is able to process around 100,000 transactions per second, enabling low-cost transactions to execute near-instantaneously. NEAR is the native token that is used to power smart contracts, pay for transaction fees, and engage in staking activities. Deposits and withdrawals for mainnet NEAR are now enabled. Binance.US, America’s home to buy, sell, trade, convert, and stake digital assets, today announced that the platform will now support mainnet NEAR deposits and withdrawals.

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