Binance is a centralized cryptocurrency exchange, largely unregulated though the company has recently begun working closely with regulatory authorities in the US and UK. In June 2020, the company announced the launch of Binance UK, an FCA-regulated affiliate the exchange has earmarked for the UK and European investors. A US leg was also launched in 2020. Spot exchange platforms also have extremely high volumes with more than USD 1.2 billion (as of July 24th 2019) being traded daily on the largest 10 spot platforms. Among them, Binance stands as the most liquid exchange for Bitcoin spot trading, with daily volume above USD 450 million. Binance Lacks of a National Exchange License . Binance is considered the largest cryptocurrency exchange by volume in the world. During its years of operation in the crypto space, it has made a vast progress. Apart from that, it is also among the cleanest exchanges, making it part of the market’s top 10 exchanges. In just a matter of three years, the exchange successfully became top ... Binance Coin, denoted by BNB, is a native coin of the Binance cryptocurrency exchange that has been built on Ethereum blockchain using the ERC20 token standard. Binance will issue a maximum of 200 million BNB tokens. Its primary aim is to fuel the exchange operations while providing convenience and affordability to the traders and cryptocurrency enthusiasts. News Binance Bitcoin Exchange opens trading with the Celer Network. On Monday, March 25, the Celer Network token (CELR) will appear in the listing of the largest cryptobirds Binance. Binance: A Deeper Dive Into the Success of the Top Crypto Exchange; Binance Chain: Understanding the BEP2 Standard ; Binance Coin: Analysis and Evaluation; Subscribe to Bitcoin Market Journal for daily updates on the latest developments in the digital asset markets. Author: Josh Iversen. Comments are closed. Most Popular Articles Like This One. Best Performing Cryptocurrency Funds for 2020 ... We’ll continue keeping our eye on Binance and other evolving crypto business, and if you subscribe to the Bitcoin Market Journal newsletter, you’ll have access to all our research and analysis. Author: Steve Walters Steve Walters has been covering the financial markets for nearly a decade, specializing in the growth of blockchain technology and cryptocurrency markets.
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