Binance is an online cryptocurrency exchange platform that aims to provide a fast and efficient trading experience to traders. At first a Chinese exchange, and now having expanded into English, Korean, and Japanese, Binance is capable of processing 1.4 million orders per second with their matching engine. The system architecture is built in a multi-tier and multi-cluster way, providing for higher security and safety. The Binance platform has already been deployed on over 30 other small exchanges. Some other features of Binance include multi-device support, high liquidity, and multiple coins available for trading.
Binance Coin (BNB) is an Ethereum ERC20 token that can be used to pay fees on the Binance exchange, and Binance itself will buy back 50% of the tokens in the future.