Launched barely two years ago, Binance’s leap has been astounding. It is not only one of the largest cryptocurrency exchanges but a crucial cog in the world of cryptocurrency. The exchange is single-handedly responsible for creating liquidity for some of the useful, on-demand, periphery digital assets launched after an ICO.





Part of their success is down to Binance heeding to user demands. In response, it has continued to improve its user interface, increase reliability, keep up its throughput and caters for the needs of all types of users/investors regardless of trading experience. Through Binance, novice, as well as experienced traders in need of advanced tools, are catered from one platform with a guarantee that their initial funds are secure with a SAFU fund in place just in case of a hack.





Created in 2017 after a successful ICO raised $15 million and led by Changpeng Zhao, who before this was the founder of Shanghai-based Fusion Systems. With original headquarters in Beijing before shifting to the more accommodative Malta once Beijing cracked down on scam ICOs and crypto exchanges in Sep 2017, it has since spread further. Conspicuous and diverse in their choice, the exchange has a presence in Uganda, Jersey and has an MoU with the Government of Bermuda. In their shift to regulatory compliance, plans to launch a new exchange in the US through an intermediary. BAM Trading which is FinCEN registered and Koi Trading led by Chen will facilitate the transitioning by end of Sep 17, 2019.









The Role of Binance Coin (BNB)





In the midst of all this expansion, the demand for the exchange’s native currency, Binance Coin (BNB), continues to increase. In the last seven months alone, the asset has been one of the top performers. Posting 7.5X gains after bottoming up from lows of $5, BNB is unrelenting and could surge past $40 despite regulatory pressure, arm twisting the exchange’s leadership into implementing better KYC and AML rules and better still, avoiding support of securities.

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