This whitepaper introduces Binance, a new cryptocurrency exchange focused on crypto-to-crypto trading, which aims to surpass existing fiat-based exchanges. It outlines the problems Binance intends to solve, such as poor technical architecture, security vulnerabilities, and insufficient liquidity, and details its proposed solutions, including a high-performance matching engine and multilingual support. The document also describes the Binance Coin (BNB), its allocation through an ICO, its utility within the platform for discounted fees, and a plan to repurchase and destroy a significant portion of the tokens. Furthermore, it presents the team behind Binance, highlighting their extensive experience in finance and technology, and addresses potential risks like security and market competition.