He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. In 2013 he joined as the third cryptocurrency wallet team member. History 2017 - 2018ĬEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai the company built high-frequency trading systems for brokers. The platform also offers its users a suite of products for users to grow their crypto holdings by earning, which includes Binance Earn, Simple Earn, Defi Staking, Liquidity Farming, Dual Investment, Auto-Invest, and many more. The Binance Smart Chain was created to support Smart contracts, allowing its users to create DApps, tokens, and mint NFTs on the blockchain.īinance sees itself as a vibrant global community powered by Binance users from all walks of life, who come together both in real life and online to pursue their passions and advance the crypto cause. In September 2020, Binance launched the Binance Smart Chain in parallel to the Binance Chain. The Binance platform offers cryptocurrency products and services, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more, also supporting over 40 different languages. The name Binance is a mashup of the words ‘binary’ and ‘finance’. It is considered to be the largest crypto exchange by total trading volume and offers its users basic and advanced trading including Spot, Futures, and Margin Trading. Overviewįounded in 2017 and based in Malta, Binance is a centralized global cryptocurrency exchange that allows users to buy, sell, deposit, and transfer over 350+ cryptocurrencies.
BINANCE COIN WIKI ANDROID
The app is available for both IOS and Android devices. īinance users can trade on the platform using computers and mobile devices.
It was founded by Changpeng Zhao and Yi He in 2017 and was registered in the Cayman Islands. The platform allows its users to buy, sell, deposit, transfer, and store over 350+ cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ethereum Classic, Polygon, Avalanche, Dogecoin, and BNB. However, today - not so much.”ĭisclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and sol.Binance is the largest cryptocurrency exchange by daily trading volume. “Today's announcement sends a powerful message that Binance is setting aside such exorbitant funds to further explore and rip apart the Metaverse and Virtual Reality - something that would have been considered ‘laughable’ and ‘insane’ 5 years ago, when we talk about consumer finance. “However, as many coins and tokens, including Bitcoin and Ethereum, are down over the last 24 hours, I don’t buy this argument and would solely attribute BNB’s recent price surge to news of the aforementioned growth fund.”Īndrew Rossow, an internet and technology attorney, also weighed in. “For example, you could argue that investors may simply be purchasing more BNB to put them in a better position to capitalise on the anticipated Q4 crypto bull run.”
“Some may argue that news of this growth fund isn’t solely responsible for the recent surge in BNB’s price,” stated Spanos.
Like Melker, he noted that binance coin’s price has been going in the opposite direction of many digital currencies. “As BNB is primarily used to pay transaction and trading fees on the Binance exchange, and as a high percentage of transactions executed via Binance are done on the Binance Smart Chain due to the lower fees, this growth fund bodes well for the future of Binance Coin.” “This is because the growth fund is the biggest of its kind and, although it will be blockchain agnostic, it is likely the bulk of the earmarked money will be spent on raising the profile of the Binance Smart Chain (BSC),” said Spanos. “News of Binance’s $1 billion growth fund made investors even more bullish on Binance Coin and we witnessed a sharp increase in demand for BNB.”
0 kommentar(er)
