Binance is an international cryptocurrency exchange founded by Changpeng Zhao in China in 2017, and is currently headquartered in Japan due to the Chinese cryptocurrency trading ban for financial firms. Binance is one of the largest cryptocurrency exchanges today. Trading transactions on Binance have reduced fees, and users can receive up to 50 percent off on the fee, if the transaction was performed with the Bincance coin (BNB). BNB is one of the major cryptocurrencies, with market capitalization of more than $1.5 billion. Binance supports multiple coins, has a lot of trading pairs and includes relatively new cryptocurrencies. Binance is famous for its fast performance, safety, high user experience and multilingual support. The Binance app is available for both Android and iOS.
Binance has only been around since 2017, but it has evolved significantly in its short life, in ways that show the impeccable thinking of its company and leadership.
Over the past 12 months, Binance has expertly shifted through three stages:
- It delivered tested technology – a working crypto-to-crypto exchange offering buying and selling services in all but 15 countries – at a time when market conditions made it possible to massively capture users.
- As the market downturn began, and other exchanges lost momentum, it shifted to incentivizing users to adopt value-adding products, such as Binance LaunchPad, which propels the sale of new cryptocurrencies directly through its exchange.
- Now, with its investments in its forthcoming decentralized exchange, it may well be poised to disrupt itself in ways that further legitimize the cryptocurrency industry.
The Binance coin BNB has seen tremendous support and growth and keep on growing and the sky is surely not the limit. And if you are waiting for things to change it might be too late. Isnt this the time you join Binance. Open your Binance account to day and get the support you deserve.