Hii steemians... Gudevening to all... Today I am sharing small information about Binance exchange that is used for crypto trade at very high level.
Today we can see BINANCE EXCHANGE is one of the top crypto exchanges and almost all the ALT COINS are listed here. I personally feel that this is the only exchange which is the safest as I only trade with BINANCE.
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Let us go through BINANCE’s history a little bit...
CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets.
The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.By March 2018 the company had established offices in Taiwan.
As of January 2018 it was largest crypto-exchange with a BNB market capitalization of $1.3 billion.
In March 2018, allegations were made that Binance, along with OKex and Huobi, were fabricating up to 92.9% of the trading volumes on their platforms. Commenting on the study, author Sylvain Ribes said "I found ridiculously massive discrepancies between exchanges. Not the kind that can be easily hand-waved away, but the kind that can only be explained by some figures being overstated as much as 95%”. Following this, Binance announced its intentions to open an office in Malta after stricter regulations in Japan and China.In addition, Binance plans to move to Jersey to expand its European influence, having achieved a exchange license there, and plans to add fiat pairs including the Euro and the British pound to its supported currencies.
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You can visit binance.com to register and login to trade crypto over BINANCE EXCHANGE.
Hope you all will like my blog... Feel free to upvote comment and follow if you like it...