Binance is a cryptocurrency exchange platform that allows users to trade a wide variety of digital currencies. Founded in 2017, it quickly gained popularity due to its user-friendly interface, extensive selection of cryptocurrencies, and competitive trading fees. Binance offers various services, including spot trading, futures trading, and staking, as well as tools for market analysis and portfolio management. The platform also has its own native cryptocurrency called BNB (Binance Coin), which can be used to pay for trading fees and access various features within the Binance ecosystem. Additionally, Binance has expanded its operations globally and offers localized services in multiple languages. It is known for its robust security measures and active community engagement.
Accusations arose against Binance for alleged market manipulation following large token movements of Solana (SOL) and Ethereum (ETH). Scrutiny intensified when February 24th transactions were linked to Wintermute, a market…