Company Profile
| Parent Company | Binance Holdings Ltd. |
|---|---|
| Ownership | Private; major shareholders include founder Changpeng Zhao (significant stake), MGX (minority stake from $2B investment, 2025), Mubadala ($2B stake, 2025) |
| Headquarters | No official headquarters (decentralized); major operations in Malta, Abu Dhabi (regulated by ADGM FSRA), offices worldwide |
| Founded | 2017 (launched July 2017) |
| Founders | Changpeng Zhao (CZ), Yi He |
| CEO / Leadership | Co-CEOs: Richard Teng, Yi He; Chairman: Gabriel Abed; Board includes Xin Wang, Max Yang; Former CEO: Changpeng Zhao (resigned 2023) |
| Employees | ~7,000 (as of 2023) |
Funding and Valuation
| Funding | $15M ICO (2017); $2B from MGX (2025); Mubadala $2B stake (2025) |
|---|---|
| Revenue / Valuation | Trading volume: $34T (2025); est. revenue ~$5-10B annually; valuation ~$100B (Forbes estimate) |
Licensing and Regulation
Abu Dhabi licenses in Australia, India, ... over 20 jurisdictions (2026 ta...
Regulated by ADGM FSRA (Abu Dhabi) / licenses in Australia, India, Indonesia, Japan, Kazakhstan, New Zealand, Thailand, Italy, Spain, Sweden, South Korea (via Gopax acquisition) / over 20 jurisdictions (2026 target)
Native Token
BNB (Binance Coin, ticker: BNB)
Regulatory History
Nov 2023
$4.3B DOJ fine for AML, sanctions violations
CZ resigned, $50M fine
SEC suit (dismissed 2025)
Canada FINTRAC $6M penalty (2024)
UK FCA ban (2021)
various global warnings/restrictions
Security Track Record
- Oct 2022: BNB Chain bridge hack, ~$570M stolen
- May 2019: 7,000 BTC (~$40M) hot wallet hack (user funds reimbursed via SAFU)
| Proof of Reserves | Active monthly PoR using zk-SNARKs/Merkle Trees; latest Feb 2026 shows 1:1+ backing for user assets (e.g., 618K BTC, 4.17M ETH) (Binance PoR) |
|---|
Sister Brands
Binance.US (US affiliate)Trust WalletBinance NFTBinance AcademyBinance ResearchBinance CharityBinance SquareBinance LabsBNB Chain
Key Events
2017
Founded, $15M ICO
2018
#1 exchange by volume
2019
BNB Chain launch
2021
100M users
2023
$4.3B settlement, Teng CEO
2025
250M+ users, $2B MGX/Mubadala investments, Abu Dhabi approval, Yi He co-CEO (Dec)
2026
PoR ongoing, Asia license expansion