Binance, one of the world’s largest cryptocurrency exchanges, is not publicly traded. That doesn’t mean, however, that it isn’t a well-known and respected company in the digital currency world.
In fact, Binance is one of the most popular exchanges available, and it has built a strong reputation in the industry.
Binance was founded in 2017 by Changpeng Zhao, who is also the current CEO. The company is based in China but has offices all over the world, including in Japan, South Korea, and Taiwan.
Binance is a relatively young company, but it has quickly become one of the leading cryptocurrency exchanges.
One of the reasons for Binance’s popularity is its wide selection of coins. The exchange offers more than 150 different digital currencies, which is more than most other exchanges.
Binance also offers a variety of trading pairs, which gives users more options when it comes to buying and selling cryptocurrencies.
Another reason for Binance’s success is its low fees. The exchange charges a 0.
1% fee on all trades, which is much lower than the industry average. This makes Binance an attractive option for traders who want to minimize their costs.
In addition to its low fees, Binance also offers a number of other features that make it appealing to users. For example, the exchange has a mobile app that allows users to trade on the go.
The app is available for both iOS and Android devices.
Binance also has a strong focus on security. The exchange uses two-factor authentication and stores all user funds in cold storage wallets.
These measures help to keep user funds safe and secure.
So while Binance may not be publicly traded, it is still a major player in the cryptocurrency world. The exchange offers a wide selection of coins, low fees, and a variety of features that make it appealing to users.