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Binance was founded by Changpeng Zhao and He Yi, launching as a global cryptocurrency exchange and creating the BNB token via an ICO on Ethereum.

The native BNB token was migrated from the Ethereum network to the newly launched Binance Chain, becoming the native coin for the ecosystem.

Binance announced its acquisition of CoinMarketCap, a leading cryptocurrency data aggregator, in a deal reportedly valued between $300-$400 million.

Binance acquired a majority stake in Swipe.io, a crypto Visa debit card platform, to expand its crypto-to-fiat payment solutions.

Binance acquired the remaining outstanding shares of Swipe, solidifying its role as the technology and program manager for the Binance Card.