Binance became the world’s largest crypto exchange by combining speed, innovation, and accessibility. Launched in 2017 by Changpeng Zhao (commonly known as CZ), the exchange quickly gained traction by offering a user-friendly platform with low trading fees and an extensive range of cryptocurrencies. At a time when many exchanges supported only a limited number of tokens, Binance listed hundreds, making it a go-to place for traders seeking variety and liquidity.

One of Binance’s biggest advantages was its aggressive fee structure. By introducing its native token, Binance Coin (BNB), the exchange allowed users to pay trading fees at a discount, incentivising adoption and increasing BNB’s utility. This helped build a loyal community and gave Binance a competitive edge over rivals.

Technology also played a central role. Binance built an exchange capable of processing millions of transactions per second, minimising downtime and slippage during periods of high market activity. This reliability, combined with strong security features, reassured traders during volatile markets.

Global expansion further fueled growth. Binance adapted quickly to different regions, launching localised platforms, partnerships, and services. It didn’t limit itself to spot trading but expanded into futures, staking, savings products, NFTs, and decentralised finance (DeFi) through Binance Smart Chain. This diversification kept users engaged within its ecosystem.

Despite regulatory scrutiny in several countries, Binance maintained its dominance by continuously innovating, adding new features, and emphasizing security. Its ability to adapt and evolve positioned it not just as an exchange, but as a complete crypto ecosystem trusted by millions worldwide.