Spil most cryptocurrency exchanges based on poor architectural infrastructures fight to scale during bitcoin’s meteoric rise, Binance has bot rising to the toneelpodium less than a year after launching, spil it recently surpassed the 1 million user mark.
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According to gegevens from CoinMarketCap, unspoiled cryptocurrency exchange Binance recently made it to the toneel amongst exchanges, spil it kasstuk a 24-hour trading volume of overheen $1 billion. The number of traders using the toneel has also bot rapidly enhancing.
Notably, Binance made it to the top Trio a mere 143 days after launching ter July , and resumes to make remarkable progress. Binance presently has BTC, ETH, BNB, and USDT trading markets available, meaning the toneelpodium has hundreds of trading pairs.
Spil mentioned above, various cryptocurrency exchanges have bot suffering outages amid Bitcoin’s surge to a fresh all-time high, while Binance has seen thriving thanks to its matching engine is capable of sustaining 1.Four million orders vanaf 2nd, coming from 20 million users at the same time using the toneelpodium. This means that traders who used Binance during Bitcoin’s surge didn’t miss out on anything.
Moreover, the exchange’s customer service is available 24/7 te both Chinese and English, effectively assuring users know their money is taken gravely. On various occasions, users have taken to social media and other platforms to vertoning how blessed they are with the exchange.
The BNB token
Binance wasgoed launched through an ICO, ter which investors got a token called the Binance Coin (BNB) ter exchange for investing ter the company. Spil vanaf its whitepaper, Binance uses 20% of its profits each quarter to buyback and burn BNB, until 50% of the cryptocurrency’s total supply is burned (100 million). For the September quarter, Binance burned a whopping 986,000 BNB tokens with 20% of its 1st quarter profits.
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The BNB token has surged 40% ter the last few days, spil the token itself can be used ter various ways. The BNB token is the underlying gas that powers Binance’s Ecosystem, and spil such can be used to pay for trading fees on the exchange while providing users a 50% discount on traders (during its very first year), can be used to invest ter ICO project on the Binance Launchpad, and can be used to pay for service and advertising fees on the Binance Informatie toneelpodium.
More is set to come ter the future, spil the company’s professional team, led by high-profile bitcoin enthusiast Changpeng Zhao, keeps improving the Binance Ecosystem. To make sure you don’t miss out on anything, go after Binance on Facebook and Twitter, and subscribe to their Subreddit.
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