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Binance has also become renowned for accepting and onboarding new cryptocurrencies at a rapid rate.

Binance began experimenting with a “Lottery System” in which BNB ownership would dictate the ability to participate in Launchpad sales.

Binance has extremely low barriers to entry. While KYC is recommended, it is currently not required.

Technical side, Binance has the ability to handle 1.4 million orders per second, combined with its ability to host 20 million users, and multilingual support, the exchange has huge capacity when it comes to taking on more users without slowing or stalling.

Bianace got off to a good start with a successful ICO on its BNB token, but it also has done a few innovative and important things as a major exchange that has helped its growth exceed expectations.

In addition, with the recent introduction of fiat on-ramps,  it’s now possible to enter the digital asset market directly through Binance with fiat currencies, drastically lowering barriers to entry for new users.

Binance attained these heights by executing aggressively on several fronts: expanding geographically, adding to its listing of coins and tokens, and experimenting with new products, including its own decentralized exchange and exchange token.