Binance Explained: How the World's Largest Crypto Exchange Works and Why Millions Trust It
Binance processed $34 trillion in trading volume in 2025 and serves over 300 million users worldwide. It is also a company that pleaded guilty to criminal charges in 2023, paid $4.3 billion in penalties — one of the largest corporate settlements in US history — and had its founder imprisoned. This is a clear-eyed account of what Binance actually offers, how it works, what it costs, and what you should know about its regulatory history before using it.