Only three and a half years ago Binance was born. What is today the world’s largest cryptocurrency exchange, with dozens of products and millions of users around the world, began its adventures with only $ 3.5 million. Therefore, when BNB reaches a market capitalization of 19 billion dollars, as mentioned by Changpeng Zhao in the Tweet of the day, it is a good time to see the results that this company has obtained:
BNB and Binance keep growing
Binance’s achievement is no small feat. And, the exchange founded by Changpeng Zhao in 2017 has had to go through the most difficult challenges to get where it is. Including his early expulsion from China, the company’s home country, which banned crypto exchanges. Forcing the company to make its most complicated decision, giving up having a physical headquarters to create a remote work model instead.
Since then, the Changpeng Zhao exchange has not stopped expanding. Providing a cryptocurrency exchange service available worldwide. In addition to dozens of products including its own wallet, a Blockchain innovation laboratory, a charitable foundation, and financial products such as futures contracts and options.
However, probably the biggest achievement of the company so far has been Binance Coin (BNB). And, the cryptocurrency has served as the basis for the development of the fastest growing Blockchain of the moment, Binance Smart Chain. Thanks to which BNB has reached a market capitalization of $ 19 billion. While the exchange has attracted dozens of the world’s best decentralized app builders to its ecosystem:
«The #BNB is a 19 billion dollar market capitalization coin, which comes from a 15 million dollar ICO 3 and a half years ago».
Thus, Changpeng Zhao highlights how Binance has managed to evolve in a short period of time. Going from being a small company, to becoming with BNB the promoters of one of the most important financial assets in the world. In a career that, for Changpeng Zhao, is not over yet.