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Binance

Provider
Crypto / Stablecoin

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 1 category.

binance.com ↗Also analysed as a company — its own stack →
CategoriesCrypto / Stablecoin
Rank#27 of 57 in Crypto / Stablecoin
Buyers2 companies
HeadquartersDubai, UAE (operational HQ; registered entities in multiple jurisdictions including ADGM, Cayman Islands, Malta)
Founded2017
FoundersChangpeng Zhao (CZ)
Raised~$2B+ publicly disclosed

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Founders & story · from Binance’s own dossier

Binance launched in 2017 as a pure-play crypto spot exchange and rapidly became the world's largest by trading volume, fueled by its BNB token ecosystem and aggressive global expansion. Following CZ's 2023 guilty plea and a $4.3B DOJ/FinCEN settlement, the company pivoted toward regulatory compliance under CEO Richard Teng, pursuing licensed operations in ADGM and other jurisdictions. Binance has since evolved its B2B embedded finance strategy — launching institutional loan products, a white-label Crypto-as-a-Service offering (Binance Link), and Banking Triparty infrastructure for tokenized RWA collateral — repositioning as a regulated crypto infrastructure provider rather than solely a retail exchange.

Latest round: Venture/Strategic, 2025
Recent developments
  • 2025-02MGX (Abu Dhabi) invested $2B into Binance — the largest single crypto company investment ever, paid in stablecoin. source ↗
  • 2025-07Binance integrated tokenized RWA assets USYC and cUSDO into Binance Banking Triparty and Ceffu institutional custody. source ↗
  • 2025-07Binance expanded Institutional Loans product to 5x leverage with zero-interest potential for VIP corporate users. source ↗
  • 2025-09Binance launched Binance Link — Crypto-as-a-Service (CaaS) white-label infrastructure for traditional financial institutions. source ↗
Full dossier: Binance’s own stack, layer by layer →
Who uses Binance
2 companies disclose Binance in their stack
ZilliqaEazy Financial Services (EazyPay)
Buyer mix · 2 of 2 classified
Fintech / Crypto · 1Infrastructure / Payments · 1
APAC · 1MENA · 1
What the disclosures say
Zilliqa
“ibsintelligence.com lists Zilliqa partnering with Binance to bring BUSD stablecoin onto its network. blog.zilliqa.com (Zeeves article) describes fiat and crypto exchange integration within the Zeeves neobank.”
Eazy Financial Services (EazyPay)
“eazy.bh homepage: 'Visa Acquiring Member, Mastercard Member, JCB Partner, UnionPay, Benefit Network'; American Express partnership press release; homepage confirms Apple Pay, Samsung Pay, Binance Pay via EazyCheckout.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Binance? Claim this profile above to unlock your own full list.
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What Binance runs on · from its own dossier
The third-party providers Binance itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Binance.
Crypto Custody
Ceffu
Full dossier with evidence for each layer →
Alternatives to Binance

Other Crypto / Stablecoin providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Zero Hash25 buyers →Circle22 buyers →Bridge16 buyers →BVNK13 buyers →Fireblocks12 buyers →Tempo12 buyers →Lightspark9 buyers →MoonPay9 buyers →
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An embeddable badge for Binance’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #27 of 57 in Crypto / Stablecoin — Embedded Finance Index 2026
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Binance — frequently asked

Which companies use Binance?

2 companies disclose Binance in their stack in the Embedded Finance Index 2026, including Zilliqa and Eazy Financial Services (EazyPay).

What does Binance do?

Binance is an embedded-finance provider in Crypto / Stablecoin. It ranks #27 of 57 Crypto / Stablecoin providers by disclosed buyers.

What are the alternatives to Binance?

The most-disclosed Crypto / Stablecoin alternatives to Binance are Zero Hash (25 buyers), Circle (22 buyers), Bridge (16 buyers), BVNK (13 buyers), Fireblocks (12 buyers) and Tempo (12 buyers).

Who founded Binance?

Binance was founded by Changpeng Zhao (CZ) and is founded in 2017, headquartered in Dubai, UAE (operational HQ; registered entities in multiple jurisdictions including ADGM, Cayman Islands, Malta).

How much funding has Binance raised?

Binance has raised ~$2B+ publicly disclosed in total.

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