What is Binance?
Binance is a cryptocurrency exchange. It is a participant in the Beacon Network, which accounts for about 85% of all centralized crypto exchange volume.
Company timeline
- May 2026 - Ari Redbord described Binance as one of the most significant exchanges in the world and noted it joined the Beacon Network, which accounts for about 85% of all centralized crypto exchange volume.
- Jun 2026 - Arthur Hayes commented that actions against centralized exchanges like Binance will take time.
- Jul 2026 - JTX stated that authorities will continue to go after centralized exchanges, including Binance, and eventually move into equities as well.
Where it appears in the record
Every line below is attributed to a named speaker.
The Beacon Network, formed with Coinbase and Binance, covers approximately 85% of all centralized crypto as a real-time illicit-funds alert system.
“We reached out to Coinbase and Binance, to me the most significant exchanges in the world, and said, "How are we going to keep funds on chain? How are we going to stop bad actors from using these platforms?" And we formed something called the And the Beacon Network accounts for about 85% of all centralized crypto today.”Ari Redbord · 11 May 2026
TRM Labs, blockchain intelligence firm behind the Beacon Network, worth watching for its industry-wide coordination role covering 85% of centralized crypto.
“We reached out to Coinbase and Binance, to me the most significant exchanges in the world, and said, "How are we going to keep funds on chain? How are we going to stop bad actors from using these platforms?" And we formed something called the And the Beacon Network accounts for about 85% of all centralized crypto today.”Ari Redbord · 11 May 2026
JTX is an on-chain exchange targeting Coinbase and Binance directly, with plans to expand into tokenized equities trading on Solana.
“I think over time we will continue to go more and more after centralized exchanges and start to get into the equities as well.”JTX · 15 Jul 2026
Hyperliquid, a perpetuals DEX that Arthur Hayes predicts will eventually surpass Binance in trading volume, worth watching for market share trajectory.
“It'll take time.”Arthur Hayes · 22 Jun 2026