Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance 10x is a term used to describe the increased trade volume on the Binance platform compared to other exchanges.
The increased trade volume results in more liquidity and lower prices for users.
Binance was founded in 2017 by Changpeng Zhao and Yi He. The company is based in Shanghai, China.
Binance has grown rapidly since its launch, and it is now one of the largest cryptocurrency exchanges in the world.
The Binance 10x feature allows users to trade with leverage of up to 10x. Leverage allows traders to increase their exposure to the market without having to put up the full amount of capital for their trade.
For example, if a trader has $100 and wants to trade with leverage of 10x, they can open a position worth $1,000.
The increased trade volume on Binance 10x results in more liquidity and lower prices for users. The feature allows users to trade with leverage of up to 10x, which can result in higher profits or losses.