Mapping out Binance

Since it was founded less than two years ago, Binance has become a juggernaut in the crypto industry. The exchange has consistently been the largest by trading volume, serving over 10 million users in over 180 countries and regions. Furthermore, despite the ongoing bear market, Binance pulled in an estimated $446 million in profit in 2018. The firm also explored new ventures beyond its core exchange services by launching an incubation arm, a charity foundation, a research arm, and an education platform. 

Binance continues to grow while maintaining its laissez-faire approach to regulation and unorthodox organizational structure — the firm continuously moves its headquarters and servers to locations most favorable for its survival. The firm also recently disclosed that it's adding 5,000 to 10,000 users per day to its fiat exchanges. While the firm has slowly established itself as a leader in the industry, there is surprisingly (or not) sparse information about its internal organizational structure.