Binance Become The World's Largest Cryptocurrency Exchange By Operating From Nowhere




At a time the crypto exchange app, binance was built, the crypto world was still developing, and many countries were not ready to accept such ghost like currency. Many countries outlawed Crytocurrency and forced many online exchange app to close down. The founder of binance could not run his company in China,, so he left. That was the point binance became a ghost company without any definite address and without any particular country regulating it. Wall Street Journal wrote, “Binance became the world’s largest cryptocurrency exchange operating from nowhere in particular—absent headquarters, offices, and licenses. Now governments are asserting control”.



Binance is still in use in many countries, but generally, Cryptocurrencies are banned in those countries, which is why peer to peer exchange is being used to keep the platform functional. For instance whereas Cryptocurrencies are banned in Nigeria, binance is always in use and the users use peer to peer exchange and support to beat government monitoring. 

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