Image source: Google
Binance, Kucoins successor is known widely all over the world for the major role it plays in the crypto world. Unlike other exchanges that deals with fiat currency, Binance deal purely in crypto.
Their able CEO, Changpeng Zhao( A.K.A CZ) oversaw that coming. Pure crypto exchanges would be bigger than fiat currency exchanges. However, the word 'Binance' was derived from two business English words 'Binary and Finance(Bi-Nance). The CEO and his team members has succeeded in building a world-class crypto exchange platform whose effect can be felt by all who engages in crypto business.
They have really gone a long way to rehabilitate the technical structure in the blockchain industry and they were able to achieve this by employing more and more people who are technologically inclined with at least 50% knowledge on finance.
Binance is far from being related to hack issues due to the level of security that has been implemented on the system, right from day 1 coupled with the relentless effort and speed exhibited by the wonderful crew.
In their day-to-day activities, they try as much as possible to avoid weaklings such as insecure platform, poor market liquidity, poor customer services, poor internationalization and language support, among others. At first, they only support trading pairs with the Neo, Litecoin, ethereum, Bitcoin an Binance coin(BNB). But now, the trade-pair with over 100 different coins(tokens included). There is this one thing I feel that made binance to be where it is now and that is, the criteria or high standard set by the team before listing any coin on their exchange. The criteria put together to check if a coin is worthy to be list on this exchange are: Liquidity, user base and strong credibility. If any of these are missing on a particular token or coin that wishes to be listed on Binance, i am sorry to say that their request would not be considered.
Image source: Google
Like I said earlier, the team was led by no one else but Changpeng Zhao, who was formerly working with BijieTech company. He was also the co-founder and CTO of Okcoin, this is just to show you how experienced he must have been when it comes to bringing in new ideas(technology). He is my mentor and I really like to learn new things from him. I always read his posts on Twitter, mostly, talks about the development of his project and as well some inspiring posts that has really helped me in one way or the other. I just want to use this opportunity to say a big THANK YOU SIR @CZ_Binance.
He was born in China, schooled in Canada, fully bilingual in English and Chinese, speaks basic Japanese. With him are other great personnel like:
Image source: Google
ROGER WANG(CTO): The co-founder and the CTO of Binance. Worked in a financial industry for 10 years plus. He is a Technician and an Architect. Worked at Nomura security, which is the largest investment bank in Japan. Before moving to Nomura to work there, he was a tech leader in Morgan Stanley as the core developer for low latency Algorithm trading systems. Roger read, understands and speaks 3 different languages- English, Chinese and Japanese.
JAMES HOFBAUER(chief architect): He is also the co-founder of Binance and as well, the chief architect of BijieTech. Formerly, worked with Palantir, a silicon valley company that focuses on big data analysis. James had worked at fusion systems before moving into Palantir, he was born, schooled and grew in America, he is bi-lingual, native in English and fluent in Japanese because he has lived in Japan for over 10 years.
Image source: Google
PAUL JANKUNAS: He is the V.P of engineering at BijieTech and has been developing exchange systems for 15 good years.
Other notable persons are:
Allan Yan: he is the product Director, has been a product designer for over 10 years. Without him, the story of Binance wouldn't have been complete, because, he is the brain behind the innovations in the exchange which pushes the platform ahead of its competitors. He has also worked with so many companies where his immense contribution was highly noticeable by the head of the companies. He even worked at one of the biggest import and export firms in Shanghai.
Sunny Li: Co-founder of BijieTech. He has worked all his life as a consultant so i can refer to him as a 'professional consultant'. The comprehensive strategies he has lend to all the companies he worked for has resulted to the massive growth of that company, not excluding the Binance exchange platform. Who knows where Binance would have been without him.
CONCLUSION: Binance started as a small cryptocurrency exchange platform with their token(BNB)costing just about $0.2, but now it is the No. 1 cryptocurrency exchange platform in the whole wide world.
