Their formula was simple: provide an incredibly intuitive, simple, and fast user-interface that had little to no downtime.īinance also took a totally novel approach by listing altcoins while using a much more liberal listing standard. The exchange has shredded its competition to pieces and conquered every sector in the market under the leadership of CZ. The exchange deviated from this path by relentlessly pushing for new features, optimizing their servers, and creating a seamless trading experience.īy aggressively striving, Binance managed to become the largest crypto exchange by trading volume in only two years. However, the same can’t be said for Binance. They saw adoption through constant iteration and updates over a long period of time. Binance has the largest daily trading volume in crypto and routinely beats its competition through innovation and product development. It became the number one exchange in the world by delivering wide-spread adoption and creating a trading experience fit for both beginners and advanced users. Today, most consider Binance to be a global company with no headquarters.īinance reached the top in little less than two years. The headquarters were later moved to Malta. The exchange had its headquarters in China, but following a wave of regulatory pressure, Zhao was forced to move the company to the Cayman Islands. The exchange launched along with an ICO in 2017 that successfully raised $15 million for its native BNB utility coin. I almost thought of skipping the introduction when beginning to write this review – everyone knows about Binance in 2023! But then again, it wouldn’t hurt to provide a short little overview of the world’s top cryptocurrency exchange to new market participants.īinance is a crypto exchange created by Changpeng Zhao (CZ) and his team at Beijie Technology.
The exchange brutally conquered the crypto space by delivering advanced features and superb customer service. But today, Binance stands as crypto’s ultimate market hegemon. Investors believed that it was a B-tier crypto exchange with no future – let alone any potential to beat the likes of BitMEX or Coinbase. It was mocked and belittled by many at first. However, there are differences in the amount of crypto available to trade.Binance has come a long way since its launch five years ago. You'll find the same interface at both platforms, as well as many of the same features.Users in the United States still can't use the international Binance platform. Binance.US was formed in 2019 in response to Binance's decision to stop accepting U.S. No, they are different platforms intended for different users.In addition, Binance has partnered with third parties to allow users to buy coins using Single Euro Payments Area, or SEPA, payments or bank transfers.Binance also accepts debit and credit cards for purchasing dozens of cryptocurrencies for a fee. Peer-to-peer trading connects buyers and sellers and accepts multiple payment options.
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