Cryptocurrency exchanges have become key points of access to the entire ecosystem. They are the initial point of entry for most investors and users of these digital assets, and as such, they are big business, and also fiercely competitive.
It all started since the boom of Bitcoin and related cryptocurrencies, the likes OKEx and Bitfinex in Hong Kong, Huobi in Singapore, and recently the Dogecoin and Binance coin have all become household names and important players in the growth and evolution of the cryptocurrency space.
You probably never thought of Dogecoin, or cared to invest in Dogecoin until you read Elon Musk’s Tweet about it in the good ole days of the GameStop short squeeze.
Binance Crypto-Exchange
The cryptocurrency space is renowned for insane growth, and Binance is just another example of that. It only came up in early 2017, founded by Changpeng Zhao and yet it has launched itself quickly to the top of the cryptocurrency exchange tree with some innovative decisions, as well as a native utility token (BNB) that hits a lot of the right notes for its users.
Binance has the ability to handle over 1 million orders per second, combined with its ability to host over 15 million users, and multilingual support, the exchange has huge capacity when it comes to taking on more users without slowing or stalling. It has also become renowned for accepting and onboarding new cryptocurrencies at a rapid rate.
Clearly, Binance got off to a good start with a successful ICO on its BNB token, but it also has done a few innovative and important things as a major exchange that has helped its growth exceed expectations.
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The Binance crypto trading platform offers one of the most competitive rates around. Whether you’re a beginner or a seasoned trader looking to trade crypto, this is probably the easiest and cheapest way to go.
The platform accepts users from around the world and has received favorable reviews from the crypto community. Recently the exchange has also partnered with 3rd party companies such as Simplex to allow credit card and wire transfer purchases of cryptocurrencies at a premium.
Finally, US users can trade on Binance-US which is compatible with US trade regulations.
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Checkout the BCH/BNB live market data charts