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Since it was founded less than two years ago, Binance has become a juggernaut in the crypto industry. The exchange has consistently been the largest by trading volume, serving over 10 million users in over 180 countries and regions. Furthermore, despite the ongoing bear market, Binance pulled in an estimated $446 million in profit in 2018. The firm also explored new ventures beyond its core exchange services by launching an incubation arm, a charity foundation, a research arm, and an education platform. 

Binance continues to grow while maintaining its laissez-faire approach to regulation and unorthodox organizational structure — the firm continuously moves its headquarters and servers to locations most favorable for its survival. The firm also recently disclosed that it’s adding 5,000 to 10,000 users per day to its fiat exchanges. While the firm has slowly established itself as a leader in the industry, there is surprisingly (or not) sparse information about its internal organizational structure. 

As part of an ongoing series exploring and mapping out the organizations in the crypto industry, The Block has compiled a graphical representation of Binance’s organization. To be sure, the information provided in this map is non-exhaustive as Binance is relatively tight-lipped and cagey about providing information relating to its employees. Nonetheless, The Block believes that by aggregating and visualizing the information we were able to obtain, we can help our readers explore and better understand the people behind some of the largest and most influential firms in the space.

The post Mapping out Binance appeared first on The Block.


Mapping out Binance written by Steven Zheng @ https://www.theblockcrypto.com/2019/02/12/mapping-out-binance/ February 13, 2019 Steven Zheng

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