Review on Binance by Gerry Indrawan
Binance
Binance is a Hong Kong cryptocurrency exchange launched by developer Changpeng Zhao in July 2017. Zhao Beijie Technology company created the exchange after a successful ICO that raised $ 15 million. Investors who invest in ICO get a Binance Coin (BNB) in return which can be used to trade cryptocurrency and pay Binance fees. The initial value of the BNB is around $ 0.1, and along with the growing popularity of Binance, the price of coins is appreciated. Beijie Technology and its founders maintain an impressive track record in this industry. CV Zhao covers high profile positions, such as technical director at Blockchain, and his company now provides trading systems for more than 30 other platforms. Following the struggle with the Chinese government's view of cryptocurrency, Binance now runs its servers from softer countries, giving it the freedom to run competitive exchange services: "In response to China's decision, we moved our IP from Hong Kong to offshore locations. So we are registered in several locations and we have people in several locations. That way we will never be affected by a single regulatory body, "explained Zhao. The trade exchange has experienced tremendous success since its summer launch, and is now ranked in the top ten in terms of 24-hour trading volume
Pros
- Fast and safe
Cons
- high minimum order
