Binance Should Cease Offering Margin Trading on Illiquid Altcoins [Opinion]
The recent price collapse of MATIC illustrates that Binance is playing with fire by offering margin trading for altcoins. These ...
Tag: Binance News
Binance is a cryptocurrency trading platform founded by Changpeng Zhao, a software developer who had previously been working on high-speed matching systems for the Tokyo Stock exchange.
During its ICO, Binance quickly sold out its token sale allocation, raising $15 million over a three week period. Following this, the platform’s high-speed trade matching engine and rapid addition of new digital assets lead to an explosion in adoption, as Binance became the go-to exchange for the bulk of cryptocurrency traders.
Despite being one of the more recent exchanges released, this growth quickly saw Binance become the world’s most popular cryptocurrency exchange, easily eclipsing competing exchanges in terms of trade volume.
Part of its success can be attributed to its unique fee structure, allowing traders to reduce their fees significantly by paying them in BNB, the platform’s native utility token. Besides this, fees can be reduced to as low as 0.015% if VIP 8 membership is achieved.
$200M USDT Was Just Moved from the Tether Treasury to Binance
$200M worth of Tether (USDT) has just been moved from the Tether Treasury to Binance. The CTO of Bitfinex has ...
Binance IEO MATIC Suddenly Crashes 70 Percent in an Hour
MATIC, the digital token based on the Matic Network saw its price drop by a whopping 70 percent earlier today. ...
DigiByte Founder Calls Binance CEO and TRON Founder Crooks
The Founder of DigiByte (DGB) recently took to Twitter to call out TRON founder Justin Sun and Binance CEO Changpeng ...
Binance Now Offering Free and Instant Internal Transfers
Binance has just announced a way to easily move money between accounts on the exchange. According to the announcement, transfers ...
New Cryptocurrency Widget Reveals How Much Exchanges Really Charge
To help combat the practice of obscuring platform commissions, we produced a widget that clearly highlights the true fees associated ...
Binance Commits to Freezing Stolen Upbit Funds After $50M Hack
South Korean cryptocurrency exchange Upbit has reportedly been hacked for around $50M worth of Ethereum (ETH). Binance and other exchanges ...
Binance’s Weibo P2P Trading Account Reportedly Shut Down
Binance's P2P exchange platform in China was met with much controversy when announced. It now seems that one of its ...
Binance CEO Advocates the Use of Blockchain for Futuristic Projects
The advanced projects seen only in Sci-Fi movies might soon become a reality thanks to blockchain technology. At least, that ...
Over 17M USDT Moved to Binance: Pump Incoming?
One address is making a major deposit into Binance today. One whale has just moved 17,587,400 USDT from an unknown ...
Binance in Talks With Facebook About Libra, Confirms Strategy Officer
Digital currency exchange giant Binance is reportedly in talks with social media firm Facebook over its newly-detailed digital asset. The ...
How Binance Showed Us the Right Way to Deal With a Hacked Exchange
As cryptocurrency exchanges go, Binance is definitely one of the bigger ones. With over a billion dollars in daily trade ...
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