Quick Facts about the Binance Exchange
Binance is a the largest (terms of daily trading volume) cryptocurrency exchange in the world. Binance facilitates trading of hundreds of cryptocurrencies on its exchange platform, except in areas where there are legal restrictions.
Binance has been operational since July 2017. Zhao Changpeng is the founder and CEO of Binance. He was a co-founder of OKCoin, one of the largest cryptocurrency exchanges in China. In January 2018, Binance announced that it would be relocating its headquarters to Malta due to regulations in China which banned cryptocurrency exchanges from operating in the country.
Binance is one of the most popular cryptocurrency exchanges and offers a wide variety of cryptocurrencies to trade. The exchange has been operational several years, and has built up a large user base. Binance also offers low trading fees and a user-friendly interface which makes it an attractive option for traders.
Binance is a centralized cryptocurrency exchange. This means that users trade cryptocurrencies on the exchange and Binance holds the assets of its users in a central wallet, from which they can withdraw their funds at any time to an external wallet.
The binance cryptocurrency exchange is centralized, meaning that users trade cryptocurrencies on the exchange and Binance holds the assets of its users in a central wallet, from which they can withdraw their funds at any time to an external wallet. The binance cryptocurrency exchange does not offer a mobile app at this time.
Binance has run into legal issues to one extent or another in the following countries:
- United States
- United Kingdom
When considering Binance, you’ll need to make sure that there are not restrictions based upon where you live that would prevent you from using the exchange.