Is Binance a Chinese company?

2023 © Wikiask
Main topic: Tech
Other topics: China, Crypto, Binance
Short answer:

Not today.

  • It started physically in China in 2017.
  • Founder CZ is Chinese-Canadian.
  • But the company is registered in Cayman Islands and has offices around the world.
Binance logo.

Binance is the world's largest cryptocurrency exchange, with a daily trading volume of around $76 billion per day.[1] It was founded in 2017 by Chinese-Canadian Changpeng Zhao, commonly known as CZ.

Binance started with offices in Shanghai, where CZ lived[edit]

Binance closed its Shanghai offices and moved globally[edit]

The company is registered in the Cayman Islands and other jurisdictions[edit]

It was reported in 2020 that Binance is registered in many jurisdictions, including the Cayman Islands, where its holding company was located.[2] However, in 2021, the Cayman Islands' Monetary Authority said that "Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorized by the Authority to operate a cryptocurrency exchange from or within the Cayman Islands."[3]

In 2022, Binance acquired a license from Dubai's Virtual Asset Regulatory Authority.[4]


  1. Ostroff, Patricia Kowsmann and Caitlin (2021-11-11). "$76 Billion a Day: How Binance Became the World's Biggest Crypto Exchange". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-09-30.
  2. Castillo, Michael del. "Leaked 'Tai Chi' Document Reveals Binance's Elaborate Scheme To Evade Bitcoin Regulators". Forbes. Retrieved 2022-09-30.
  3. Sinclair, Sebastian (2021-07-02). "Binance Not Authorized to Operate in the Cayman Islands, Regulator Says". Retrieved 2022-09-30.
  4. Shumba, Camomile (2022-09-20). "Binance Secures License in Dubai to Offer More Crypto Services". Retrieved 2022-09-30.