From Zero to World’s Biggest Crypto Exchange in Just 6 Months
picture: www.worldcoinindex.com
The simplicity of Binance’s business model has been the key to its success so far, and it bodes well for future success.
As you can see, Binance has even more than 2x amount of 24h volume traded over the second world exchange Huobi.
binance has 244 different coins and token and a 24h volume of € 1,380,665,901 while Huobi, the second largest exchange last 24h volume is only € 653,392,559.
Binance app.
my honest view of the app is overal really easy and great to use,
Very easy to exchange crypto for crypto no fiat money tough.
Easy market and limit orders, Stop-sell order must be applied trough desktop or browser(hopefully they will add this buy and sell feature in the future, This will make it a killer app!)
easy funds overview but only in USD tough, Nice graphs on mobile with possible indicators like RSI,MACD,EMA,KDJ
I like to use the RSI and MACD very usefull with different graphs on the time 1m 5m 15m 30m 1h 2h 4h day or week.
Binance got the depth charts wich i like to watch to , got the buy and sell orders represented with amounts of units.
u can sort the coins to exchange trough volume of 24h change and also trough what platform like btc eth or bnb coins or usdt
u have an option to pay fees with bnb wich halves the costs of fees from 0.1 to 0.05%.
binance has regular trade games with awards for the accounts that traded most or has highest amount.
the exchange supports a lot of forks or aidrops when announced and has a very active and creative team behind it with constant expanding.
BNB coins.
Binance launched and ICO and created BNB, BNB is an ERC20 token built on Ethereum. The total supply is limited to 200 million BNB, after which no more coins will be created.
Binance will also destroy BNB tokens over time, reducing the total supply of BNB from 200 million to 100 million. The goal being a stable price for BNB coins over time.
While fee payment is the primary purpose of the BNB token, you can also use it to invest in certain ICOs that participate in Binance’s Launchpad program. Once the ICO is over, these new tokens will automatically list on Binance.
in the future, it’s possible the value of BNB could grow as an asset. For the earliest investors, they’ve already seen a large return on BNB.
My view
binance is allready nr1 exchange and will continue to be
- very user friendly
- innovative
- active dev team and keep expanding
- bnb halves fees
- supports a lot of aidrops and forks
- NEO holders get GAS every month
- good app
- high volume
Want to start trading or hodling chek out binance even if you are on other exchange , just check it out and you will like binance.