What is Binance?
The cryptocurrency market has witnessed a huge hike after the success of binance. As of now, Binance is the largest cryptocurrency exchange platform with top market cap along with more than 4 million active users per day. This exchange is popularly known for crypto to crypto exchange. Binance has gained more traffic in a very short span of time as it has allowed the user to pay with very low transaction fees.
This exchange binance was led by Chanpeng Zhao.
The company initially started to operate in China and then it has transferred its operation to Japan to prevent them from the act of china’s cryptocurrency exchange ban.
After China now the company is Headquartered at Malta. (Previously it was in China and then Japan)
Binance Meaning is – Binary finance.
Why Start an Exchange Like Binance?
Highlights of the Binance exchange website
Binance Supports trading with more than 100+ cryptocurrencies including bitcoin, ethereum, lite coin, and most importantly Binance coin
The exchange provides some kind of discount to the users who are ready to pay with the native coin BNB.
In January 2018 the firm has raised a capitalization of .3 billion.
Being a popular cryptocurrency exchange it provides Bitcoin Futures Trading, Launchpad, fundraising, Basic, and Advanced Trading.
Binance has high processing throughput and has the capacity to process 1,00,000 orders in a single day.
Binance supports market orders, limit order, stop-loss order and stop order.
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