Binance, Exchanges

What Is Binance Cryptocurrency?

Binance is a cryptocurrency with a strong focus on exchange services. It was created in China in July 2017, but moved its servers and headquarters out of China to Japan in September 2017.

In March 2018, Binance announced that it would be setting up an office in Malta. Binance is the world’s largest cryptocurrency exchange by trading volume.

Binance offers two types of trading pairs: native coins and stablecoins. Native coins are the cryptocurrencies that are listed on the exchange. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB).

Stablecoins are cryptocurrencies that are pegged to the US dollar or other fiat currencies. The three stablecoins currently listed on Binance are Tether (USDT), TrueUSD (TUSD), and Paxos Standard Token (PAX). .

Binance also has a decentralized exchange, Binance DEX, which uses the Binance Chain blockchain. Binance DEX is still in development and is not yet available to the public.

What Is Binance Cryptocurrency?

Binance is a cryptocurrency with a strong focus on exchange services. It was created in China but later moved its servers and headquarters to Japan in September 2017 due to China’s crackdown on cryptocurrencies.

The native coins listed on Binance include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB).

Binance also has a decentralized exchange, Binance DEX, which uses the Binance Chain blockchain. However, this is still in development and is not yet available to the public.

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