In addition, the exchange settles roughly $4 billion a day, with the busiest days seeing over $20 billion in trading volume. And nearly four years later it remains at the top thanks to its low fees, ease of use, robust ability to handle massive transaction volumes, and its global approach to its business (the platform is available in over two dozen languages).īinance doesn’t release user figures, but based on various interviews given by CZ there are now over 15 million Binance users. It achieved this in just six months from its launch, which is quite an impressive feat. Ever since its launch it has been one of the largest global exchanges in terms of trading volume. Given the success of the ICO it might come as no surprise that the exchange itself has been just as successful. As of March 2021 the BNB token (which has been migrated to the native Binance Chain) is worth $238.84 and is the fourth largest altcoin by market cap. The selling price for those tokens was $0.115 each. In July 2017, from the 1 st to the 20 th, the exchange raised $15 million in an ICO for its newly minted ERC-20 Binance Coin (BNB) tokens. Besides creating one of the most successful cryptocurrency exchanges they also started out with one of the most successful ICOs in the cryptoverse. Image via Bloombergīinance may have been destined for greatness. Both the founders previously worked for the OKCoin exchange, and Changpeng was a member of the wallet team since 2013. Many would agree that it has succeeded.īinance was launched in July 2017 by its founders Changpeng Zhao and Yi He in China. It was created with the goal of providing traders with a cryptocurrency trading interface that is fast, simple, robust, and intuitive. With less than four years of history Binance remains quite new, yet it is likely the best known global cryptocurrency exchange.
The Binance US platform is localized specifically for US based traders. However, if you are from USA Binance has created an alternative platform at and you can use this for trading. Note: does not allow registration from USA. It has become an excellent place for beginning cryptocurrency traders and for experienced cryptocurrency enthusiasts. It’s innovation has made it one of the most used cryptocurrency platforms, and the work of developers and community members at Binance ensures that the platform is continually improving. Binance Finance gives crypto holders other ways to earn from their coins, such as crypto lending and staking, along with other methods for earning a passive income from crypto holdings.Īs you can see Binance has involved itself in all aspects of the crypto ecosystem. All of the clients at Binance can take part in the IEOs on Launchpad, and they have become some of the most anticipated and profitable coin launches in the crypto industry. The Binance Launchpad was created as an alternative initial listing venue to the ICO model. There’s also a wealth of written information that includes beginner guides and explanations of all sorts of exchange functions. Customer support is often lacking at cryptocurrency exchanges, but Binance has a dedicated help center, where you can reach out to the support team anytime. Supercharge your trading with the available leverage offered by Binance.
8 Binance Fees (and how to reduce them).2 Binance Review: Background and History.
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