Binance is a popular cryptocurrency exchange founded in 2017 and is one of the leading exchanges in the world in terms of average daily trading volume. In January 2018 Binance became the leader in trading volume among all cryptocurrency exchanges in the world.
The exchange's founder, Changpeng Zhao , previously worked actively at OKCoin, Blockchain.info, and Bloomberg. In February 2018, he was included on Forbes' list of cryptocurrency billionaires.
The most popular pairs among traders on Binance are NEO/BTC, GAS/BTC, ETH/BTC, and BNB/BTC. As of March 1, there were a total of 1000 trades on the exchange. 2016 276
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, which was released to raise seed funding through an ICO. The coin can be used for short-term trading (35 trading pairs, with lower exchange fees) or long-term purchase. BNB is rapidly growing with every announcement about the exchange's development and improvements.
Binance stands out from its competitors with low platform trading fees (0,1%) and fast transaction processing. Binance technology allows the exchange to process up to 1,4 million orders per second.
Additional Information
- 24 hour trading volume: $ 1 billion (120265 BTC)
- A country: Hong Kong
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