Centralized exchangeProof of reserves

Binance

Global centralized exchange for spot and derivatives trading, launched in 2017 and the largest by spot volume.

Open Binance ↗Arbitrage

Volume (24h)$30.80BUSDT markets tracked live

Coins1103with USDT pairs

Spot / Perp markets3027 / 788tracked by ArbiLayer

Base fees0.02% / 0.05%maker / taker, futures

About Binance

Global centralized exchange for spot and derivatives trading, launched in 2017 and the largest by spot volume.

Trading fees

Official fee schedule ↗

Spot

Maker0.1%

Taker0.1%

Base tier

USDT-M futures

Maker0.02%

Taker0.05%

Base tier

Pay spot fees in BNB: 25% off (Regular 0.075% / 0.075%)
Pay USDⓈ-M futures fees in BNB: 10% off (per third-party fee guide)

Withdrawals: Network-dependent flat fee per asset

New users

Welcome rewards: up to 100 USD in trading fee rebate vouchers

Three beginner tasks issued after account verification (Rewards Hub / Account Center)
Rewards paid as trading fee rebate vouchers, each valid for a limited number of days
Rebates cannot offset fees from API trading
Not available to business accounts or users in 40+ countries (incl. United States, United Kingdom, Hong Kong)

Claim on Binance ↗Terms and regional eligibility vary. Check the offer page before signing up.

VIP program

VIP program ↗

Tier is based on 30-day trading volume plus BNB balance.

TierRequirementSpot makerSpot takerFutures makerFutures taker

Regular< $1M 30d volume0.1%0.1%0.02%0.05%

VIP 1≥ $1M 30d volume; ≥ 5 BNB0.09%0.1%——

VIP 2≥ $5M 30d volume; ≥ 25 BNB0.08%0.1%——

VIP 3≥ $20M 30d volume; ≥ 100 BNB0.04%0.06%0.012%0.032%

VIP 4≥ $75M 30d volume; ≥ 500 BNB0.04%0.052%0.01%0.03%

VIP 5≥ $150M 30d volume; ≥ 1,000 BNB0.025%0.031%0.008%0.027%

VIP 6≥ $400M 30d volume; ≥ 1,750 BNB0.02%0.029%0.006%0.025%

VIP 7≥ $800M 30d volume; ≥ 3,000 BNB0.019%0.028%0.004%0.022%

VIP 8≥ $2B 30d volume; ≥ 4,500 BNB0.016%0.025%0.002%0.02%

VIP 9≥ $4B 30d volume; ≥ 5,500 BNB0.011%0.023%0%0.017%

Proof of reserves

✓ Reserves verifiedReport ↗

Proof of reserves

Published

Snapshot

Sep 1, 2026

Method

Merkle tree + zk-SNARK

Frequency

Monthly

46th PoR report (snapshot 1 Sep 2026, published 17 Sep 2026)
User assets reported at a reserve ratio of at least 1:1
User balances approx. 682,000 BTC, 3.98M ETH, 32.3B USDT

Company

Founded

2017

Headquarters

No official headquarters; operates through regional entities (e.g. Abu Dhabi, Japan)

Token

BNBTrading-fee payment with discount (25% off spot fees), VIP tier qualification via BNB balance, native gas token of BNB Chain

Founders

CZChangpeng ZhaoCo-founder

YHYi HeCo-founder

Leadership

RTRichard TengCo-CEO

YHYi HeCo-CEO (since December 2025)

Products

SpotMarginUSDⓈ-M futuresCOIN-M futuresOptionsEarnCopy trading

Licences & registrations

Abu Dhabi (ADGM) authorisation to operate (December 2025)Japan: re-entered via acquisition of Sakura Exchange (November 2022)

Not available in

United States (served by separate Binance.US)CanadaNetherlandsUnited Kingdom (new sign-ups closed)European Union (no MiCA licence since July 2026)RussiaSanctioned jurisdictions (Iran, North Korea, Syria, Cuba, Crimea, Donetsk, Luhansk)

Incidents & regulatory history

2026Stopped serving EU users from 1 July 2026 after failing to obtain a MiCA licence
2023Pleaded guilty in the US to BSA/AML and sanctions violations; $4.3B settlement, CZ stepped down as CEO
2022BNB Chain exploit; about $568M in tokens stolen
2019Hot-wallet breach; about 7,000 BTC (~$40M) stolen