Binance Coin – Who is behind the crypto currency?

The crypto currency is used on the trading platform of the same name. Binance is one of the younger trading platforms; the exchange market was only launched in July 2017. Changpeng Zhao, Yi He and Da Hongfei are mainly responsible for the development. Changpeng Zhao is the founder of BijeTech, a computer software company, and OKChain. Since Hongfei was involved in the creation of the crypto currency NEO.

Binance is based in Shanghai, China according to onlinebetrug

Many of the crypto currencies available on the platform come from Asia. The trading platform is particularly located here, in China, Japan and Southeast Asia. It is noticeable that Bin-ance trades a particularly large number of old coins, i.e. alternatives to Bitcoin. More than 80 different crypto currencies are available on Binance says onlinebetrug. The exchange exchange is particularly suitable if you want to convert Bitcoins and Ether Altcoins into, these two sizes of the cryptoscene can be exchanged for almost any other coin. You cannot buy BinanceCoin here, the coin can only be exchanged for other coins. In general, only crypto currencies are exchanged for other crypto currencies, the purchase with cash is not possible. Read more about it on onlinebetrug.

Although Binance is still relatively young, the exchange market is now one of the four largest brokers for crypto currencies in the world. There can be various reasons for this: On the one hand, crypto currencies are popular in Asia, especially in China. Trade in digital currencies has been established there for some time. And China is one of the largest economies in the world, with a lot of capital in it. At the same time, the Chinese government seems to be heavily involved in trading in crypto currencies. There are already signs of this among the developers of the NEO Coin, who cooperate with those of Binance. So it doesn’t seem unlikely that the coin development was also nodded off by the state institutions here.

This is also due to the general hype about crypto currencies and the Ethereum code

Although the exchange is mainly located in Asia, it is also available in several European languages and is becoming increasingly popular according to the review by onlinebetrug. At the beginning of the year, the rush to the file-sharing sites was so high that many could no longer allow new registrations. Binance also closed its doors for a short time until the infrastructure was overhauled. The online trading platform is expected to have 2.9 million users and a trading volume of 4.3 billion US dollars. The Ethereum code website is now allowing new registrations again.

Binance offers various incentives for its users: Airdrops (free coins) are distributed regularly to users. Users with a high turnover are rewarded with tokens. The “Community Coin of the Month” is a vote in which the community decides each month which new Altcoin will be added to the exchange exchange as a trading pair. Bina/nce thus gives potentially relevant new crypto currencies a chance and keeps its offer fresh. In addition, unlike most currently active crypto exchanges, Bina/nce Initial Coin Offerings can be performed.

23. November 2018