Binance Holdings Limited (“Binance”) is a global cryptocurrency exchange founded in 2017 by Changpeng Zhao (“CZ”). Binance operates as a decentralized company with no official headquarters but has key registrations in jurisdictions like the Cayman Islands and Seychelles. The company has a global presence, with subsidiaries and offices in regions such as the United States (Binance.US, operated by BAM Trading Services Inc.), Canada (Binance Canada Capital Markets Inc.), and Europe, including Malta, Gibraltar, and the United Kingdom. Binance provides a wide range of services, including cryptocurrency trading, over-the-counter (OTC) trading, derivatives, decentralized finance (DeFi), non-fungible tokens (NFTs), and stablecoin administration (Binance USD, or BUSD). The company also operates through multiple subsidiaries, including Binance (APAC) Holdings, Binance (Services) Holdings, and Binance Technologies. Despite its global reach, Binance has faced regulatory challenges and continues to adapt its operations to comply with local laws in various jurisdictions.