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How Binance Melted Down in Less Than a Year - WSJ What Went WrongBinance was founded in Shanghai in , but later moved to Tokyo and then Malta. While its holding company is based in the Cayman Islands. Granted, Teng did confirm regional HQs in France and Dubai. But on the most basic question of a global home base, Binance's new CEO seems intent. Zhao long insisted that Binance had no global headquarters. Teng on Tuesday declined to reveal where the exchange was based. He also said.