Binance Holdings Ltd., branded Binance, is a global company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, then moved its headquarters to Singapore shortly before the Chinese government imposed regulations on cryptocurrency trading. Binance subsequently left Singapore in late 2021 and after that, had no official company headquarters.