The Binance Exchange is a major cryptocurrency exchange based in Hong Kong that was founded in 2017. It prioritizes altcoin trading. Binance provides crypto-to-crypto trading for over 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE) , and its own token Binance Coin (BNB). In response to China's strict rules on cryptocurrency exchange companies, it relocated its corporate headquarters to Malta, EU, in 2018. Binance.US has ceased accepting new users and trading on the platform since August 2021, according to Investopedia. Binance, the parent firm, has faced regulatory action in numerous countries throughout the world.