Binance Profile picture
Jul 14 12 tweets 5 min read
Today #BinanceTurns5 🎂

We'd like to take this time to reflect on our journey over the past 5 years, highlight some milestones and take a look at what to expect from #Binance in the future.

🧵 Let's dive into it in this thread.
🗓️ July 14, 2017.

Binance.com was launched with the vision of providing users with a new crypto trading experience.

The team worked tirelessly to ensure that we were offering a trusted, intuitive, and simple marketplace for trading crypto - from here, we built!
As an indication to how hard the #Binance team worked before launch in 2017, @cz_binance tweeted this yesterday...

CZ: "5 years ago, tonight was unquestionably an all-nighter for the whole #Binance team."
From the bare-bones platform in 2017 to the world's leading exchange by trading volume in 2022, #Binance has come a long way with the expansion of new and innovative products.

We now offer something for everyone with products such as Trust Wallet and Binance NFT to name a few.
Knowledge is power.

In the past 5 years, our mission has been to ensure that all users are educated before entering the marketplace.

With tools like #Binance Academy, we're able to help users make informed decisions, which in-turn helps grow global crypto adoption.
As a responsible industry leader, #Binance has been and will continue to proactively engage with regulatory bodies across the globe.
It's safe to say that the industry has come a long way in the past 5 years, evidenced by Binance’s recent regulatory approvals and registrations from countries including Spain, France, Dubai and more.
Building a Web3 future.

Today, we’re proud to offer users the most extensive product portfolio in the industry. Users can choose a crypto path that is suitable for them.

At the end of the day, you, our users, matter the most.
Good products are key to industry growth, hence why we are constantly seeking opportunities to incubate, invest in and nurture promising blockchain and crypto projects.

Since the introduction of @BinanceLabs in 2018, we have invested in and incubated over 200 projects worldwide.
Having recently closed a $500M investment fund to boost blockchain, Web3 and value-building technologies, @BinanceLabs will be able to continue its success and invest in more promising projects worldwide.
#Binance and the future.

With Web3 on the horizon, we want to ensure that Web3 tackles any issues users face with Web1 and Web2.

To do this, we will continue to provide a secure, user-friendly, accessible and affordable platform that brings real value to our users.
While the future is technically unknown, we have a shared vision with our community. Let’s continue to put users first and prioritise education and user safety.

We can make crypto more useful and more accessible together.

• • •

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More from @binance

Jul 13
Earlier today, #Binance burned $444,632,106 worth of #BNB as part of the 20th BNB Burn.

If you’d like to learn how coins are ‘burned’, including #BNB, open this thread 🧵
Coin burning is when a certain amount of crypto is destroyed and permanently removed from circulation, reducing the supply of the crypto.

Coins are sent to a black hole address to burn them, after which cannot be used for anything. They are burned. Destroyed. Gone forever.
#Binance conducts #BNB coin burning events every quarter, aiming to burn 50% of the original total supply of #BNB, which would be 100 million coins.

So far, 20% of the original supply has been burnt.
Read 6 tweets
Jul 11
A big congrats to the winners of our #CZBdayHat challenge!

They had the opportunity to ask @cz_binance a few questions about #Binance and his thoughts and experiences in the crypto industry as #BinanceTurns5.

Check out the winning designs in this thread ⬇️ Image
We asked for a #CZBdayHat but looks like we got the whole works!

📸@bene_ctb
Heatwave essentials: ice cream sundae hats.

📸@annaartsy
Read 6 tweets
Jun 3
About a month ago we asked you to share your home set-ups for a chance to win rare #Binance merch.

*drum rolls* Congrats to our #CryptoHome winners!

Check out the top 5 entires here 👇
Strong monitor setup @MrJasonBlack42!

Is there any room for maybe just one more #Binance display?
Loving the colour scheme @cryptomoch! Serious nightclub vibes.
Read 7 tweets
Jun 2
@Binance x @TheWeeknd

Here are some of the things you can expect from our partnership 👇
Read 6 tweets
Jun 2
Notice regarding crediting deposits for Optimism $OP

The majority of the pending Optimism $OP deposits have now been credited to users’ accounts after fixing it at 11am UTC, June 1.
However, there has been a delay in crediting certain $OP deposits due to a subset of transaction with unique event log records not being captured.

We are doing another round of due diligence to ensure all pending deposits are captured and credited to users’ accounts in 24 hours.
To provide a better user experience, we are working on enhancing our monitoring system.

We will delay opening spot trading when necessary to ensure a fair trading experience for all users.

We apologise for any inconvenience.
Read 4 tweets
Jun 1
#Binance @optimismPBC $OP listing postponed to 1 June, 2022, 06:00 (UTC).

binance.com/en/support/ann…
#Binance @optimismPBC $OP listing will be further postponed to June 1, 08:00 (UTC).

We'd like to thank you for your patience.
binance.com/en/support/ann…
The postponement is due to delays in deposits caused by high on-chain transaction volume. We are currently working to resolve the deposit issue for $OP.

Users that deposited between block heights 9748130 to 9812404 might not be able to see their deposits yet.
Read 6 tweets

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