With upcoming events like Bitcoin’s halving, Binance news has much to talk about. Binance’s platform is known for being the largest exchange around the world for cryptocurrency trading volume. One major milestone for Binance was reaching an all-time high in trading volume worth more than $12 billion on Wednesday. As one of the biggest influences in digital currency, current Binance news keeps investors up to date on investments.
Has Binance Gotten Too Big Too Fast?
Starting only in mid-2017, Binance quickly rose in the trading markets and within only 6 months was the dominating platform. Allowing the trading of more than 45 digital tokens, Binance has evolved to their user’s needs and wants for cryptocurrency.
And while some say they are too large, Binance retorts by explaining users wouldn’t choose them if they weren’t essential. With the notion that Binance will abuse their position in the crypto world, some are skeptical of the company’s future. But countering these claims, they implored that investors wouldn’t use Binance’s platform if they acted in such a way.
Partnerships in Binance News
One positive market move that Binance has adapted was creating a number of essential partnerships in the cryptocurrency world. By partnering with other big names in the industry, Binance has secured its niche successfully. Some of these partnerships include:
• Brave web browser
Binance news shows they have also applied for a Singapore operating license, aiming to be successful in the crypto world. As one of the few stakeholders to apply, Binance is certain to remain a popular trading platform with its users.
Binance’s Own Digital Coin
As one of the largest online cryptocurrency trading platforms around the world, recent Binance news continues to dominate headlines. The Binance coin is an Ethereum-based blockchain token and gives users a discounted rate for fees on their proprietary platform. At the time of writing the current Binance coin (BNB) value was sitting at $17.60 USD.
There are many Binance news predictions on how this token will fare in the coming year as the market fluctuates. One of the aspects of the Binance coin’s attraction for investors is the fact that it is centralized. While not everyone agrees with this, diversity in cryptocurrency is essential for many portfolios, giving investors a variety of assets.
Benefits of Binance in the Crypto World
There are several benefits of a popular trading platform like Binance for investors in the cryptocurrency world today. Having options of different exchange platforms gives investors a choice on where they wish to purchase and trade their tokens. Competition is a healthy aspect of any industry, and multiple platforms available keep the industry honest for users.
Binance news also gives users a look into up and coming projects as well as additional services they offer. Binance Labs focuses on pre-ICO projects, with aid for fundraising and development. An additional site Binance showcases, called LaunchPad, is available for hosting new blockchain projects. With continually evolving options for users, Binance is sure to dominate the cryptocurrency market for years to come.
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