Intro
In our opinion, there are two basic categories of exchanges: those that trade with fiat money and those that only deal in cryptocurrencies. The latter is the one that

we'll concentrate on. Although they are now modest, we firmly believe that in the near future, all-crypto exchanges will grow to be far larger than exchanges that use fiat currency. They will become much more significant in the global financial system, and we refer to this new paradigm as "binary finance."
With your support, Binance will create a top-notch cryptocurrency exchange that will drive the development of the crypto financial sector.
Problems
Several of the current cryptocurrency exchanges have issues, including:
poorly constructed technologically
Good technology enables many trades to be "put together fast."

Hazards   Operating an exchange has a number of risks. We are aware of this and possess the knowledge, expertise, and leadership necessary to overcome it.

Security is crucial.
Poor security protocols have led to the failure of many cryptocurrency exchanges. Simple measures to safeguard important resources could have stopped the majority of security breaches. Security has been our team's top priority while they have developed Binance. When it comes to protecting infrastructure and data, we make sure to adhere to all industry best practises, including ISO/IEC 27001:2013 and the CryptoCurrency Security Standard (CCSS).
2 and 3: Market Rivalry
We anticipate fierce competition in this market. Hundreds, if not thousands, of teams may be interested in, preparing for, or participating in exchanges. Competitors include. 

Team
We have a strong staff under the leadership of Changpeng Zhao, who has expertise in both conventional Wall Street finance and cryptocurrencies. We have a history of being prosperous.

Our resume includes startups.
CEO Changpeng Zhao's (aka CZ in the crypto community) LinkedIn Page
BijieTech, a business that offers exchange operators cloud-based exchange technologies, was founded and is led by CZ. BijieTech, which was founded in September 2015, now powers more than 30 Asian exchanges. BijieTech generated 36.1 million RMB ($5.3 million USD) in revenue in the first year after its formation and expects to quadruple that amount in the following year. BijieTech has never taken any outside funding because it has always had a positive cash flow.
CZ will continue to hold shares of BijieTech after the Binance ICO . 

CZ joined the Blockchain.info team as the third employee and served as Head of Technology prior to OKCoin. To expand the Blockchain.info service, he collaborated closely with Ben Reeves, Roger Ver, Anthony Antonopoulos, and Nicolas Cary.

CZ co-founded Fusion Systems Ltd. in 2005, a business that specialises in ultra-low-latency trading solutions for brokers before Blockchain.info. Fusion Systems was founded in Shanghai and has offices today in Los Angeles, Tokyo, and Hong Kong. Closing and deploying trading systems at Credit Suisse, Goldman Sachs, Deutsche Bank, and other institutions were among CZ's responsibilities. In 2013, CZ quit Fusion System to pursue a full-time career in the blockchain sector.
CZ spent four years as the Chief of Development at Bloomberg Tradebook Futures in New York before joining Fusion Systems.