In the digitalized world, everything has moved into digitalization due to the latest technologies. Huge people around the world are interested to acquire cryptocurrency. In the latest trend entrepreneur are attracted towards starting crypto exchanges like Binance. The Binance is the World largest exchange within a period due to its proficiency and Success.
Let us See how Binance has Acquired the fame World Largest Cryptocurrency Exchange,
Binance is world level cryptocurrency exchange with having largest trading volume, huge crypto holders on their exchange. The Binance BNB has a value of 340.93 USD Per coin and has a 24hr trading volume of 1.4 Trillion USD with a market cap of 5. 7 Trillion USD. Binance has supplied 168,137,036 BNB coins.
History of Binance Exchange
The Binance exchange found by Changpeng Zhao (CZ) in July 2017 in China. Later it has moved to Malta due to China’s increasing regulation of cryptocurrency. The Binance exchange name arose from the”Binary and Finance ” into Binance. Binance requires KYC details to ensure security and avoid scammers over their platform.
Binance is proficient in processing 1,40M orders per second and supports multiple cryptocurrencies. Binance serves more than 15,000,000 crypto holders globally. Binance provides Multi-lingual support in 26 languages, operates in over 40 countries, and is based in over 180 countries & regions.
Binance coin (BNB) Binance coin (BNB) is the native cryptocurrency on Binance and influences the Binance ecosystem. BNB has several usages, like fueling transactions on the binance chain, paying for transaction fees on the platform.
The Milestones of Binance
The Launch of BNB – July 08, 2017, In the early stage of launching BnB, it has values like 1 ETH equals 2.7k BNB and 1 Bitcoin equals 20K BNB. in the recent 1 BNB is equal to 0.010 BTC
Binance Exchange Launched on July 14, 2017
Binance has acquired 120k active crypto holders and New 4k Registration and gets listed on coinmarketcap within 45days of its launch.
Launched Binance Lab in October 2017
Binance Lab is started to support the growth of Blockchain and crypto projects via venture capital.
Binance Started a Launchpad service in November 2017
Binance offers Launchpad services to assist entrepreneurs to launch their crypto tokens in a binance platform for Token advertisement and marketing support for new tokens.
Achieving First Rank in CoinMarketCap in December 2017 Binance has Reached the First position in CoinMarketCap within 6 months of Launch and has more than 1 billion USA.
Binance has Achieved 6 Million Crypto Holders in 2018
Binance has acquired Trust Wallet in July 2018
Binance has introduced Binance Academy in August 2018
This is a free online portal for educating newbies about trading, the Bitcoin market, crypto trends.
Binance Charity Launched in October 2018
It is a non-profit organization established for helping others in an emergency. While the disruption of the COVID-19, binance has provided 3 million USD.
Binance Chain – April 2019
Binance has launched its Blockchain known as Binance Chain Binance.
Acquired WazirX in November 2019 Binance has acquired Indian based P2P cryptocurrency exchange after acquiring Trust Wallet open-source wallet.
Binance Started Supporting DEX in February 2020
Binance has stepped forward to provide a decentralized exchange facility securely over Binance Chain by eliminating interference of middlemen.
Binance Smart Chain in September 2020
Binance smart chain is the blockchain that operates identically to the binance chain that is EVM compatible and can run alone when the Binance chain moves offline.
Exclusively Added Features in Binance
- Binance Smart Chain is acting as a Platform to built NFT Marketplace, NFT is a recent trend in the crypto realm.
- Binance has planned to launch NFT Marketplace in upcoming years. Binance supports the BNB as the main payment for Binance Chain and Binance Smart chain as a gas fee to improve the volume of BNB to support Binance projects.
- Binance Earn helps crypto holders to earn passive income by acquiring their Earn account.
- Binance Card is Crypto supporting debit card and used in payment gateways that support cryptocurrencies to pay bills.
- Binance offers Crypto Loans without any covered fees and allows the users to borrow ETH, BTC, USDT with a duration of 1 week to 6 months of repayment.
- Binance supports Futures trading and margin trading that gives leverage up to 125x.
The enthuasiastic business people are much interested to invest in crypto exchange platform business due to the success of Binance exchange.
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