The decentralized Binance Exchange was registered in Switzerland, owned by the Shanghai-based company Beiji Technology, managed by a team of professionals with solid experience on cryptocurrency technologies on Wall Street. The company is headed by Changpeng Zhao, who previously headed the Blockchain development department, and also co-founded and technical director of OKCoin.
The name cryptocurrency exchange Binance received as a result of the intersection of two English words: binary (binary, double) and finance (finance).