Central Banks in the Global Cryptocurrency Industry (II) Why Binance? Why CZ? Continuing (1) downwards These are all traceable data, they are all expressions In August 2015, CZ resigned early due to a disagreement with the founder of OKCoin, Xu Mingxing. At the time of departure, OKCoin had already exceeded 5 million users. From 2015 to 2017, CZ briefly served as a technical consultant for Bijie Tech, during which he quietly prepared to establish Binance, form a core team, and raise seed funding of $5 million. In March 2017, CZ officially announced the establishment of Binance, and He Yi immediately joined and invested in it, responsible for user growth and marketing. On July 1, 2017, the Binance team was officially established in Shanghai, with the Chinese team accounting for 70% and core members from OKCoin. On July 14, 2017, the Binance official website was launched and the BNB ICO was launched. From July 14th to 25th, 2017, BNB ICO， Raising 15 million US dollars worth of cryptocurrency in 14 days, issuing 100 million BNBs, with a first day price of 0.15 US dollars. On September 4, 2017, China issued Document No. 94 prohibiting ICOs, and CZ decided overnight to relocate servers and teams out of China. On September 13, 2017, King'an announced to stop the registration of users in Chinese Mainland. On September 15, 2017, the first batch of Binance team members moved to Tokyo, Japan. In October 2017, all Binance servers were relocated to Japan. In December 2017, the number of Binance users exceeded 2 million, with a daily transaction volume of 1 billion US dollars. In January 2018, Binance's monthly trading volume exceeded $100 billion for the first time, becoming the world's largest exchange. In March 2018, the Japanese FSA issued a verbal warning that Binance would relocate again, with servers and some teams moving to Malta. In May 2018, the stablecoin BUSD (in collaboration with Paxos) was launched, with a circulation of $100 million on its first day. In July 2018, due to a hacker attack, 7000 BTC (approximately $40 million) was stolen, and CZ announced full compensation with SAFU funds. In September 2018, launched http://Binance.US Formally entering the US compliance market. In December 2018, the peak monthly trading volume was $500 billion, and the highest BNB price was $80. In April 2019, Binance Chain mainnet was launched, and BNB migrated from ERC-20 to BEP-2. In July 2019, Binance DEX (decentralized exchange) was launched. In September 2019, Binance Futures was launched and leveraged trading was launched. In December 2019, the number of users exceeded 30 million. In April 2020, Binance Smart Chain (BSC) was launched with a gas fee of 0.01 US dollars. In September 2020, Launchpool was launched, allowing users to mine new projects by holding BNB. In December 2020, BSC Chain's TVL exceeded 1 billion US dollars for the first time. In January 2021, the NFT market was launched. In May 2021, Binance Labs announced a $1 billion Web3 fund. In September 2021, after China's comprehensive ban on mining/trading, Binance users increased by 30% instead of decreasing. In December 2021, the number of users exceeded 70 million, and the global trading volume peaked at 50%. In January 2022, Binance Pay was launched, paying 50 million users. In November 2022, after the collapse of FTX, Binance users surged by 20% and its trading volume share increased to 60%. By December 2022, all exchanges serving Indian users must register with FIU-IND. In March 2023, the US CFTC sued Binance and CZ, imposing a fine of $400 million. In June 2023, the US SEC officially sued Binance and CZ, imposing a fine of $4.3 billion. On November 21, 2023, CZ pleaded guilty in the United States, resigned as CEO, and paid a personal fine of $50 million. In December 2023, Richard Teng will be appointed as CEO. In January 2024, Binance Web3 Wallet was launched with over 100 million downloads. In June 2024, BSC Chain TVL exceeded 10 billion US dollars. On September 30, 2024, CZ completed his 4-month sentence and was released from prison. In March 2025, Abu Dhabi sovereign fund MGX strategically invested $2 billion in Binance. On October 23, 2025, Trump signed a presidential pardon, restoring CZ's full freedom. On October 25, 2025, CZ released a video reiterating that "Binance has never been a Chinese company. We have nothing to do with any government. Although I was born in China, I am Canadian and Binance has not operated in China since day one. ”(Binance official transcript 2025), with 50 million video views and 100000 reposts. In mid November 2025, it was rumored that Eric Trump, the son of Trump, would join the Binance board of directors (CNN reported, later deleted). In late November 2025, CZ and Peter Thiel jointly invested $200 million in an AI fund. On December 3, 2025, He Yi and Richard Teng officially became co CEOs, with nearly 300 million users. In December 2025, Binance's global spot trading volume share was 41.1%, with an average daily trading volume of $50 billion. To summarize the current development of Binance, there are several major sectors: CEX: Spot/Futures Daily Trading 50 Billion, 41.1% Global Share Limited space, please continue reading (3) Barbarian perspective