Binance Founder Changpeng Zhao Recalls Shift from SaaS to Crypto Exchange Development

In a podcast interview, Zhao revealed Binance began as a software licensing business before transitioning to build its own trading platform.

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Terms & Concepts
  • SaaS (Software as a Service): A software distribution model where applications are hosted by a provider and made available to customers over the internet, usually for a monthly fee.
  • Crypto Exchange: An online platform that allows users to buy, sell, and trade cryptocurrencies.
  • Binance: A leading global cryptocurrency exchange founded by Changpeng Zhao, known for high trading volumes and diverse digital asset offerings.