Binance

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Binance is a privately held global blockchain and digital-asset company founded in 2017. Its ecosystem centers on a high-volume cryptocurrency exchange and includes trading, payments, institutional services, education, research, charity and Web3 products. Public company and third-party estimates are inconsistent; the figures below should be treated as estimates as of 2026-08-05.

Primary product

Binance cryptocurrency exchange and digital-asset financial platform (spot, derivatives, P2P, staking/earn, payments and related Web3 services).

Founded

2017

Headquarters

No consistently disclosed official global headquarters; Binance operates as a globally distributed organization. Public profiles variously list the United States, Cayman Islands, Lithuania, Malta or no official headquarters.

Team size

Approximately 4,000–5,000; some third-party databases report higher figures, so confidence is medium.

Work style

Flexible

Industry

Technology, Information and Internet

Sub-industry

Cryptocurrency exchange, blockchain infrastructure and digital financial services

Offices

Cayman Islands (George Town)

Vilnius, Lithuania

Dubai, United Arab Emirates

Singapore

Paris, France

Business model

Trading fees on spot, margin and derivatives transactions

Asset-management, staking, lending and other financial-service fees

Payment and merchant services

Institutional digital-asset services

Token-launch and Web3 ecosystem services

Advertising, partnerships and ancillary platform revenue

Funding

Stage

Late-stage/private; institutional minority investment

Total raised

$2B

Latest round

Series C / institutional venture investment · Mar 2025

Latest amount

$2B

Series C / institutional minority investment

Mar 2025 · MGX

$2B

Series B (reported)

Jun 2023

$11M

Venture round (reported)

Oct 2018 · Vertex Ventures

Early venture/Series A (reported)

Sep 2017 · Sequoia Capital

$10M

Initial Coin Offering (ICO)

Jul 2017

$15M

People & investors

Leadership

Richard Teng

Co-CEO

Yi He

Co-CEO; co-founder

Rohit Wad

Chief Technology Officer (publicly reported; current status should be verified)

Rachel Conlan

Chief Marketing Officer (publicly reported)

Noah Perlman

Chief Compliance Officer (publicly reported)

Eleanor Hughes

General Counsel (publicly reported)

SB Seker

Head of APAC

Founders

Changpeng Zhao

Founder; former CEO

Investors

Black Hole Capital Group

Vertex Ventures China

Vertex Ventures Southeast Asia & India

Work & culture

Public recruiting material describes a global, user-centric, relatively flat, fast-paced and results-driven organization with substantial autonomy, continuous learning and a strong emphasis on security, compliance and financial access. Independent career reporting describes a distributed/asynchronous engineering culture; treat that description as non-official.

Work style

Flexible

Visa sponsorship

Limited

Compensation

Public job postings generally say competitive salary and benefits but do not publish a company-wide compensation band. Third-party reports suggest location-calibrated pay and possible performance/token components, but these are not sufficiently verified to state as policy. Binance Systems Inc. has a public history of H-1B filings; sponsorship is role- and location-specific, not guaranteed.

Benefits

Competitive salary and company benefits, varying by jurisdiction

Work-from-home arrangements for many roles

Career growth and continuous learning

Networking and development through the Binance Accelerator Program

Equal-opportunity workplace

Role- and location-dependent health and other benefits

Product & market

Pricing

Primarily transaction-fee based, with maker/taker schedules that vary by product, volume, VIP tier and jurisdiction; additional spreads, withdrawal fees and product-specific charges may apply.

Differentiators

—Very broad global digital-asset product and market coverage
—High liquidity and trading volume
—Large registered-user base and international distribution
—Integrated exchange, payments, research, education, institutional and Web3 ecosystem
—BNB Chain and related token/Web3 network effects
—Emphasis on security, compliance and regulatory licensing
—High-throughput trading infrastructure

Technology

High-throughput, low-latency exchange/trading systems

Java and Spring Boot

C/C++ and Rust

Python, Node.js and Go

AWS and cloud infrastructure

Kafka

MySQL

Docker and Kubernetes

Terraform

Linux

React/TypeScript and web/mobile application technologies

Blockchain, smart contracts and EVM-compatible Web3 infrastructure

AI/ML for security, anomaly detection and developer productivity

Customers

Retail cryptocurrency traders and investors

Institutional investors, family offices and corporates

Merchants and remittance/payment users

Developers and Web3 projects

Crypto educators and researchers

Competitors

Coinbase

OKX

Bybit

Kraken

Crypto.com

Bitget

KuCoin

Gemini

Scale & contact

Estimated revenue

Approximately $10B–$30B annually; third-party profile estimates cite about $20B, but Binance is private and does not publish audited consolidated revenue.

Signals & risks

Layoff

Jul 2023

Public reporting described global workforce reductions of roughly 1,000 employees, with later reports suggesting cuts could reach approximately 3,000; Binance disputed some reported figures and explanations.

Source

Other

Nov 2023

Binance agreed to a U.S. resolution involving money-laundering, sanctions and unlicensed-money-transmitting violations; Changpeng Zhao stepped down as CEO and the company agreed to multibillion-dollar penalties.

Source

Other

Mar 2025

MGX made a $2 billion minority investment, described as Binance’s first institutional investment and the largest single investment into a crypto company at that time.

Source

Other

Dec 2025

Co-founder Yi He was appointed co-CEO alongside Richard Teng, creating a dual-CEO leadership structure.

Source

Other

Mar 2026

Binance reported supporting INTERPOL, AFRIPOL and national agencies in Operation Red Card 2.0, highlighting the company’s ongoing compliance/security exposure and enforcement-related operating environment.

Source

Latest news

Binance Marks Nine Years: 323 Million Users and $156 Trillion Cumulative Volume

Binance/PR Newswire · Jul 2026

Binance reported 323 million registered users, more than $156 trillion cumulative trading volume and a strategy to expand toward a broader financial super-app.

Binance Supports Law Enforcement Operation Targeting Scam Infrastructure Across Africa

Binance Blog · Mar 2026

Binance described its support for Operation Red Card 2.0 with INTERPOL, AFRIPOL and agencies in 16 African countries.

Binance Co-founder Yi He Joins Richard Teng in Dual Leadership Structure

Reuters · Dec 2025

Yi He became co-CEO alongside Richard Teng, formalizing a dual leadership model and a stated focus on compliance and infrastructure.

Richard Teng Shares Thoughts on Crypto Adoption, Regulation, and Financial Inclusion