Binance, Exchanges

What Is Crypto Binance?

Crypto Binance is one of the most popular cryptocurrency exchanges in the world. It is a centralized exchange that allows users to trade cryptocurrencies. The exchange was founded in 2017 by Changpeng Zhao and Yi He.

Binance is the world’s largest cryptocurrency exchange with a daily trading volume of over $1 billion. The exchange allows users to trade over 100 different cryptocurrencies.

Binance has grown rapidly since its launch. The exchange has been profitable every quarter since its launch. In 2018, Binance had a profit of $200 million. In 2019, Binance made a profit of $1 billion. The company has been able to grow so rapidly by charging very low fees.

Binance charges a 0.1% fee on all trades. Compare this to other exchanges which charge up to 0.5% fees per trade.

The company has also been aggressive in acquiring other companies. In 2018, Binance acquired Trust Wallet, a popular mobile wallet provider.

In 2019, Binance acquired CoinMarketCap, the largest cryptocurrency data website in the world.

Binance is one of the most popular cryptocurrency exchanges because it offers low fees, a large selection of cryptocurrencies, and is constantly adding new features. The company has been profitable every quarter since its launch and shows no signs of slowing down.

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