The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB). In 2018, it moved its company headquarters to Malta, EU, in response to China's strict regulations on crypto exchange businesses.
Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs —the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.
The name "Binance" is a combination of the words "bitcoin" and "finance." It claims high standards of safety and security, with multi-tier and multi-clustered architecture, and delivers high processing throughput—it claims it has the capacity to process around 1.4 million orders per second. It supports trading in more than 500 coins, including bitcoin, ethereum, litecoin, and its own native BNB tokens.