What is Binance used for?

Binance. Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Why has Binance been banned in the UK?

Why has it been banned in the UK? The FCA's decision to ban Binance in the UK represents a crackdown on the cryptocurrency market. It is one of the most significant moves by any global regulator against the digital asset firm with subsidiaries around the world.

Is Binance a good investment?

As always, never invest in something you don't understand. What is Binance? Binance is a cryptocurrency exchange platform for trading various cryptocurrencies. As of April, it was the world's biggest bitcoin and altcoin crypto exchange by volume. Its users complete more than 1.4million transactions per second, according to its website.

Who is the founder of Binance?

Binance was founded in 2017 by Changpeng Zhao, a Chinese-Canadian developer who had previously created high frequency trading software. Which cryptocurrency coins are available on Binance? Binance allows international users to trade more than 500 cryptocurrencies, although only 52 are available to US customers.