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$76 billion a day: How Binance became the world’s biggest crypto exchange

Changpeng Zhao, CEO of the Binance cryptocurrency exchange. (WSJ) — Changpeng Zhao, CEO of the Binance cryptocurrency exchange. **(WSJ)**

10 min read . Updated: 12 Nov 2021, 01:19 PM IST Patricia Kowsmann, The Wall Street Journal

The trading platform surged by operating from nowhere in particular—without offices, licenses or headquarters. Now governments are insisting on taking some control

The world’s fastest-growing major financial exchange has no head office or formal address, lacks licenses in countries where it operates and has a chief executive who until recently wouldn’t answer questions about his location.