Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 12 August 13:00 (GMT -05:00)



Foreign exchange market

Binance and Cryptocurrency Exchange


These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.
 
Just go to coinpaprica to see that the Binance token (BNB) is leading the niche with the biggest market capitalization. In this article, we will try to help you get familiar with the specifications of the trading platform and show you how easy it is to get started with trading and investing on Binance.
 

Market Pioneer

 

Changpeng Zhao, founder of Binance, can be considered a pioneer in the market of cryptocurrencies. In 2017, he founded a cryptocurrency exchange, which is currently on of the leaders in the industry. Some experts have been trying to estimate its market capitalization. Some of them even say this is a 9-digit figure!
 
CZ himself, who is often referred to as CEO of Binance, is also the founder of Fusion Systems, a company involved in developing high-frequency trading (HFT) solutions for various investment companies in Shanghai, China. But that's not all. He was also involved in the creation of Blockchain.info and used to be CTO of OKCoin. 
 
If you have ever pondered upon the name, that's a merge of binary and finance, which gives Binance. It was officially launched in June 2017 and gained 15 million dollars during the ICO by selling the BNB token. When considering the current value of the token, we can say that Binance seems to have been a success so far.
 

Binance: Fees and Discounts

 

The registration is free. Still, BInance charges each transaction with a 0,1% fee. OK, no let's go back to the BNB token. Apart from buying and selling it, owning it has a number of advantages. For example, you can use the tokens to pay those transaction fees. All you need to do is check the corresponding option in the platform settings, and you are good to go.  This may well be a good option many users. With that being said, it seems like the token acts as an internal currency for the platform. Other currencies allowed on Binance: USD, EUR, JPY, RUB, UAH, KZT, AUD, CNY, and some others.
 
Another good option is relative anonymity. You can simply register and start trading without ID confirmation. In this case, the withdrawal limit is 2BTC. After verifying your ID, you can withdraw up to 100BTC a day.
 
Moreover, it would be safe to say that having a Binance account may soon become a must-have option for each seasoned trader or investor dealing with cryptocurrencies. Why? Thanks to its scale and popularity, the exchange guarantees outstanding liquidity. Placing a token on this exchange is a sign of serious ambitions. And finally, Binance is all about transaction speed. It operates on top of a certified algorithm capable of processing 1,4 million orders a second.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin Reaches $9500. Will It Drive Crypto Market Rally?

The BTC exchange rate has finally broken free from from the narrowing price range and rallied above $9500 per coin. What's coming next? Will the coin test $10000? If so, will this test be successful?

Publication date: 26 July 10:59 AM

Ethereum and Bitcoin Are Close To 5-Month and 1-Month Highs Respectively

After going out of the triangle in the first half of the trading week, Bitcoin started growing faster on Tuesday and Wednesday, thus gaining over 4% in 2 days and testing 9573 dollars per coin, the highest level in 4 weeks. Still, Thursday's session brought a modest correction down and a move back to 9500 dollars per coin and below. In the broad market of cryptocurrencies, Ethereum is the best performer. It has already gained over 7% over the last 24 hours and is currently testing 270 dollars per coin.
Publication date: 26 July 10:08 AM

China Will Test Digital Yuan On Food Delivery Platform

The People's Bank of China is planning to test the digital yuan by putting it to good use with the help of Meituan Dianping, a Beijing-based food delivery platform. It should be noted that this is a rather popular platform with 435 million active users, processing billions of dollars in transactions on a daily basis. Apparently, this opens big opportunities for mass introduction of the digital yuan, which is also known as the Digital Currency Electronic Payment (DCEP).

Publication date: 23 July 09:57 PM

Japan Will Include CBDC In Its Official Economic Plan

The Japanese government is planning to include the CBDC (Central Bank Digital Currency) in their official economic development plan. The information appeared 10 days after the Bank of Japan announced their plans to experiment with the digital yen in order to figure out what it is capable of in practice.

Publication date: 20 July 02:53 AM

World's Biggest Crypto Scams

In his article on the website called Cointelegraph, Nick Bell described the most famous cryptocurrency scams known. In each fo them, investors collectively lost billions of dollars. The sad thing is, many of those scammers remain unpunished by the law.
Publication date: 17 July 09:14 AM

Digital Yuan Threatens Dollar, Matthew Graham

Matthew Graham, a China banking investment veteran and CEO of Sino Global Capital headquartered in China, has analyzed what is so far known about the expected Chinese cryptocurrency. He thinks that the Chinese government sees the technology as something that can actually break the dollar dominance in the financial world.

Publication date: 07 July 06:34 AM

JPMorgan: Bitcoin Turned Into Asset and Survived March Crisis

JPMorgan Chase, one of the biggest banks in the United States and the entire world, analyzed the March crash of the cryptocurrency market and published a report on the results of this research. Bitcoin occupies the lion's share of the report. So, the analysts made the conclusion that the BTC market is getting mature, which is confirmed by a strong correlation with most stock markets.

Publication date: 25 June 11:54 AM

Investment Interest In Bitcoin Drops After Halving

Publication date: 21 June 11:33 AM

Ethereum Is Less Private Than Bitcoin

According to a group of Hungarian experts who decided to examine the Ethereum network, ETH transactions turn out to be less private than BTC transactions. The experts published the results of their research after studying a bunch of several, pretty specific functions of Ethereum. Those functions usually make it possible to track the financial flows in the network.

Publication date: 15 June 02:28 AM

COVID-19 Keeps Affecting Dollar

Right before the start of another trading week of June 2020, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is June 15th - 20th. So, this is what those predictions look like:

Publication date: 14 June 10:55 AM