![]() Prior to founding Binance, CEO Changpeng Zhao had operated a high frequency trading platform software company called Fusion Systems, which he founded in 2005. Since March 2018, Binance has had its main headquarters in Taiwan. ![]() We also know that Binance was founded in China, but the exchange moved from China to Japan in anticipation of the Chinese government’s crypto trading ban in September 2017. It quickly rose to dominate cryptocurrency markets. Today, we know Binance was founded by Changpeng Zhao (CEO) and Yi He. When Binance launched, there was an overall lack of information about where the company was located and who was running the company. Throughout its history, Binance has faced criticism for a number of different reasons. Nevertheless, there are some downsides to Binance that you should educate yourself on before jumping in. Traders enjoy fast executions, strong liquidity, and an easy-to-use interface – all important things for any cryptocurrency exchange to have. Overall, Binance is a good cryptocurrency exchange with a diverse range of cryptocurrency pairs for traders. Instead, you get a simple Buy/Sell and Limit/Stop Limit screen. You don’t get the advanced trading options seen on other exchanges. This diverse range of crypto pairs is one reason why Binance continues to be so popular.īinance also has a famously user-friendly interface. ![]() In fact, Binance supports over 100 different cryptocurrencies – more than virtually any other major exchange in the world today. That means traders on Binance tend to have access to tighter spreads, lower liquidity, and more cryptocurrency pairs than other exchanges. ![]() In a typical day in 2018, Binance handles approximately $1 billion of crypto trades – more than any other exchange on the planet. In just a year, the exchange has gone from being non-existent to achieving the number one position by 24 hour trading volume. Let’s start with the good news: Binance has grown from an unknown startup in 2017 to the world’s largest cryptocurrency exchange in 2018. If you want to trade using your Binance account on your PC or Mac, then the Binance desktop app may be worth the free download. Many traders also switch to the Binance desktop app after noticing annoying lag on the web version of Binance.īinance’s desktop software is available today for Windows and Mac OS. If you’re not comfortable executing trades on your small iOS or Android screen using the Binance mobile apps, then the Binance desktop app might be the right choice for you. Today, Binance offers a desktop app that makes it easy to trade cryptocurrencies from your computer. Binance is the world’s largest cryptocurrency exchange by trading volume. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |