The decentralized Binance Exchange was registered in Switzerland, owned by the Shanghai-based company Beiji Technology, managed by a team of professionals with solid experience on cryptocurrency technologies on Wall Street. The company is headed by Changpeng Zhao, who previously headed the Blockchain development department, and also co-founded and technical director of OKCoin.

The name cryptocurrency exchange Binance received as a result of the intersection of two English words: binary (binary, double) and finance (finance).

In most countries of the world, people are allowed to buy and sell Bitcoins and other crypto-currencies for profit from investments. However, as we have seen in countries such as Bangladesh, Bolivia, Ecuador and Nepal, the sudden prohibition of Bitcoin may be around the corner and very quickly become a problem for active traders. This in itself gives sufficient grounds for the crypto-investors to pay more attention to confidentiality and anonymity when trading and making transactions with cryptocurrencies.

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