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Binance

Ch. 12|Exchange Power

Changpeng Zhao built the world’s largest crypto exchange in 180 days. At its peak, Binance handled more volume than all its competitors combined. But the same speed that made Binance dominant made it a target. Trustless chronicles how Binance became the gateway to crypto for millions, the power that liquidity commands, and how the world’s largest exchange eventually pled guilty to federal charges. In crypto, liquidity is power — and power attracts consequences.