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Binance

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About Binance

What is Binance?

Binance is the world's largest cryptocurrency exchange by trading volume. As of August 2022, the Cryptocurrency exchange has a daily trading volume of $76 billion and 90 million users worldwide. The platform has become a trusted player in the cryptocurrency space, where users can buy, sell and store their digital assets, and where they have access to over 350 cryptocurrencies and thousands of trading pairs. Currently, the Cryptocurrency ecosystem consists of Binance Exchange, Labs, LaunchPad, Info, Academy, Research, Trust Wallet, Charity, NFT, and more.

Who are the founders of Cryptocurrency?

The globalized company was founded in China by Changpeng Zhao and Yi He. Changpeng Zhao (nicknamed CZ in cryptocurrency circles) is currently the company's CEO, and he is a Canadian-Chinese developer and corporate executive. He studied at McGill University in Montreal and is also an accomplished entrepreneur. Previously, he was the head of the futures trading book development team at Bloomberg, founded Fusion Systems, and served as the technical lead at Blockchain.com. He is the Chief Marketing Officer of Cryptocurrency and the head of the company's venture capital arm, Binance Labs. He was previously VP of Yixia Technology (Beijing), a leading mobile video technology company, and co-founder of OKCoin, a digital asset exchange.

When was Coinan founded?

Coinan was founded in June 2017 and grew to be the world's largest cryptocurrency exchange in 180 days.

Countries with restricted access to Cryptocurrency

According to Cryptocurrency's terms of use, restricted access areas include the United States, Singapore, and the Canadian province of Ontario. However, there are other countries that also have restrictions on the use of Coinan's functionality due to their regulations, such as China, Malaysia, Japan, the UK, and Thailand. In addition, futures and derivatives features are not available in Germany, Italy, and the Netherlands. in September 2019, Binance.US, a service exclusively for US users, was launched.

What are the fees for CoinA?

The platform is user-friendly and has one of the cheapest fees. It has options for multiple trading types and offers a range of advanced trading tools for experienced investors. The exchange charges fees through a tiered system, ranging from average user to level 9 VIP. 0.1% of the pending order taking fee is charged on spot trades for average users. Starting in July 2022, Cryptocurrency announced fee-free bitcoin spot pairs, and extended this offer to ETH/BUSD pairs starting in August.

Can I trade on Cryptocurrency with leverage or margin?

Traders can fund and trade on margin at Binance Margin and then trade cryptocurrencies with 10x leverage. Alternatively, users can use derivative products such as Bianace Futures to clear USDT, BUSD, or other cryptocurrencies, or operate leveraged trades at Bianace Options.