Things you must know about Binance Exchange and Binance Trading

When it comes to popular cryptocurrency exchanges, the most prominent name is Binance exchange. It is one of the common exchanges for trading in more than 45 virtual coins including Bitcoin, Ethereum, Litecoin, and Binance coin.

The main question that arises - what is Binance exchange! The answer is simple - it is trading between two cryptocurrencies pairs. The name "Binance" is based on the combination of the words binary and finance. Binance exchange services were launched in 2017. It claims high standards of safety and security with multi-tier and multi-clustered architecture, and delivers high processing throughput with the capacity to process around 1.4 million orders per second. It supports trading in more than 150 coins, including popular ones such as Bitcoin, Ethereum, Litecoin, and its own native BNB tokens, and the list continues to grow.

Like a standard exchange, Binance exchange offers services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. Cryptocurrency enthusiasts willing to launch their own tokens can use Binance for raising funds through Initial Coin Offerings (ICOs). Binance is used by traders and participants for exchanging and investing in various cryptocurrencies.

With the easy transition between platforms, traders can capitalize on arbitrage opportunities efficiently and quickly, which is also known as Binance trading. Therefore, inefficiencies between perpetual contract prices and spot prices are arbitraged away, keeping futures prices in line with spot markets.

Although extreme volatility may cause occasional disparities between the markets, arbitrageurs will seize these opportunities quickly. On other exchanges where arbitraging is more restrictive, futures markets may not reflect the true value of spot markets. 

In addition, Binance trading support users with real-time market data where new data are disseminated after every trade transacted on the platform instead of batching out every 100 milliseconds. Therefore, traders on Binance exchanges can react to price changes faster than on other platforms. This further supports arbitraging and hedging activities for its users.

Binance trading has created a complete crypto trading ecosystem by integrating spot and futures platforms to provide a seamless and holistic trading experience for its users. The strong synergy between both spot and futures platforms was made possible by two key features: 

1. Ease of transferring funds between platforms
2. Intuitive futures contract design

Furthermore, Binance trading continues to expand its ecosystem with new features such as Cross Collateral - an innovative function that allows users to collateralize their crypto holdings to fund their futures positions. 

The growing ecosystem is evidently a key competitive advantage of Binance Exchanges, as shown by its increasing open interest and trading volume in Altcoin perpetual markets. Binance Futures will continue to develop innovative functionalities to improve accessibility to its futures markets as well as further develop its ecosystem.

All you need to do is find an appropriate platform. A correct platform will make your transactions smooth and convenient to use. This is where Bitkiox, world's first live trading platform where investors can watch their investments in cryptocurrencies growing live right before their eyes, comes in.

Bitkiox brings innovative crypto trade tools at your fingertips! The right investment decisions in the cryptocurrency market can make you rich. Here, you can choose from a curated selection of investment packages. Bitkiox Autobots will continuously work on increasing the value of your portfolio by capitalizing on fluctuations in the cryptocurrency market, while you can track your investments grow live on the website.

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Created on Apr 22nd 2021 12:36. Viewed 429 times.

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