What would a crypto exchange be without a fully-fledged NFT ecosystem? Binance brings a complete NFT marketplace, where NFT flippers and collectors can trade their favorite JPEGs on Ethereum, Polygon, and BNB Chain. Offering up to 8% cashback in BNB Coin at over 90M vendors worldwide, the Binance Card is a crypto debit card that helps account holders use their cryptocurrency in the real world. This helps traders, who can take out loans to open new positions without selling their existing investments.Īnother popular product under Binance’s financial umbrella is the Binance Card. Binance Financial ToolsĬryptocurrency holders can secure instant liquidity by providing their digital assets as collateral and borrowing against them using Binance financial tools. This novel application is unique to Binance for now, but other exchanges will likely follow suit in the near future. One of the newer features, Binance Range Bound contracts, give deposits a chance to earn crypto rewards, even while the market is trading sideways. Binance users can also put their favorite cryptocurrencies to work and earn additional tokens through the Binance Launchpool, a platform that supports emerging crypto projects. Binance’s trading platform does it all, whether you’re a beginner buying Bitcoin for the first time or an advanced trading veteran opening leveraged positions in derivatives and futures trading markets.įor set-and-forget investors who want to grow their investments and earn passive income, Binance Earn offers a variety of staking and liquidity farming contracts. This is not an exhaustive list but covers most of the main features that provide value to the average Binancian. While Binance’s rich and varied trading platform is its main drawcard, the site offers a huge range of features serving every niche of the crypto space. Where to begin? Binance’s suite of products and extra features is as wide as it is deep. Binance has also been under investigation by regulators in countries worldwide, but more on that later. Hackers frequently target the exchange, with some successfully making off with $40 million worth of cryptocurrency. That’s not to say Binance hasn’t made many mistakes and questionable decisions on its road to the top. The platform has implemented a litany of helpful tools for users over the years and launched two of the largest coins in the crypto market, BNB Coin and the BUSD stablecoin. Since then, Binance has blazed the trail for other cryptocurrency exchanges across the industry. ![]() Originally based in China, Binance relocated outside the nation when the Chinese government announced a ban on crypto trading in September 2017. Before founding Binance, CZ had been developing high-frequency trading software for Fusion Systems and served as the CTO at OKcoin, the US-based sister company to OKX. Binance Historyīinance Holdings, the company behind the cryptocurrency exchange, was founded in 2017 by Changpeng Zhao. Customers in the United States must use, a somewhat diluted version of the main site, in the interest of legal compliance. The exchange uses a combination of hot and cold storage solutions to safeguard digital assets alongside standard features like two-factor authentication.ī is also the central authority behind Binance Coin (BNB) and the Binance Smart Chain, a popular Layer 1 blockchain network. ![]() Binance boasts a user-friendly interface, competitive fees and exercises industry-leading security practices. The Binance exchange supports over 30 million verified users as they trade 500+ cryptocurrencies in more than 180 countries worldwide.
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