Binance: The Largest Crypto Exchange By Trading Volume In The World

2021-09-09 20:08:00
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Binance: What makes it

Being one of the leading crypto exchanges is definitely not by accident. In fact, it takes quite an effort and investment in order to please the needs of emerging crypto traders. As such, the top is usually reserved for companies and brands who make that extra effort in order to provide the utmost professional trading environment. And considering the popularity of Binance, you can be sure that is the case with this leading crypto exchange.

Operating since 2017, this crypto trading platform is one of the household names when it comes to trading. Especially if you consider that it is frequently part of various daily news, promotions and innovations. The Founder, Changpeng Zhao, is an experienced programmer who previously worked as part of the team that developed Blockchain.info, the first-ever Bitcoin blockchain explorer.

In addition to providing his knowledge for OKCoin as a Chief Technical Officer. Consequently, after gathering extensive knowledge on cryptocurrencies, Mr Zhao finally founded Binance. And in just 8 short months it became the number one crypto exchange in the world by trading volume.

Today, after several relocations, the company’s base is in the Cayman Islands, Seychelles. Moreover, Binance owns two cryptocurrencies, Binance Coin (BNB) and Binance Smart Chain. In addition, at the moment it has 21 approved validators and is the number one crypto exchange by trading volume in the world.

Binance Top Drawer Features

One of the main reasons for the success of Binance is definitely the professional trading features. Another major perk is the state of the art trading platform. It is easy to navigate and comes in a rather user-friendly interface.

Moreover, Binance works with some of the lowest fees among any crypto exchange as well. In addition to offering Staking, a feature that even some of the top exchanges do not offer. Consequently, these are just some of the attributes that make Binance one of the leading crypto trading platforms in the world.

Pondering whether you should use Binance or not is a fairly easy decision. However, prior to making your choice, you should have in mind the following. Binance works with around $2bn daily volume on average. Specifically, that is over 1.5 million transaction per second. Despite having several ongoing legal cases in the US and UK at the moment, Binance is still the top dog and very likely the leading crypto exchange in the world.

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