Why Binance may be the next big thing

In the modern era, cryptocurrency mining is considered to be one of the most profitable businesses. Several investors across the globe are showing interest in investing fund in crypto mining. Blockchain technology is the key player behind the success of cryptocurrencies. Blockchain technology enables the secure blocks of information to be recorded in a blockchain, thus the security and transparency offered by the technology play a pivotal role in the popularity of trading cryptocurrencies.

There is an existence of more than 4000 digital currencies across the globe. Binance exchange founded in 2017 offers trading of more than 500 cryptocurrencies and virtual tokens, which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), etc. Binance has grown very quickly to become one of the most popular cryptocurrency exchanges on the planet. With the continuous increase in popularity, the online exchange launched BinanceCryptocurrency and coined it as Binance Coin (BNB). Binance coin is a blockchain-based token issued by the Binance Exchange. In simpler term, Binance Coin is a crypto-coin that supports different utilities in the Binance ecosystem. The utilities include paying for trading fees, exchange fees, listing fees, and any other fees on the Binance exchange.

Binance offers a range of services for its members. It can be made with the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. According to the insights of crypto experts, Binance deals with a large number of registered traders and participants worldwide for exchanging and investing in various cryptocurrencies.

The decision of investing or trading in cryptocurrencies can be intimidating at first as there is frequent news about scams and people losing money. Thus, the foremost concern among the crypto investors while trading and purchasing is safety and security. Binance promises high standards of safety and security among its community members. It has a multi-tier and multi-clustered architecture, which is capable of delivering high processing throughput with the capacity to process around 1.4 million orders per second. Hence Binance Trading is extremely popular among crypto enthusiasts. As of April 2021, in the global exchange space, Binance is the leader and makes up a significant portion of crypto trading volume daily.

With a lot of amazing and advanced tools, Binance has a $6.8 billion market capitalization with one Binance Coin having a value of $44.26. It is considered to be the world’s largest crypto exchange platform in terms of trading volumes.

The company reveals its next plan of introduction of its own marketplace in which users can create, buy and sell digital collector’s items known as Nonfungible tokens or NFTs. The aim of launching such a marketplace is to provide the largest NFT trading platform in the world with the best minting, buying, and exchanging experience. According to reports, this venture will debut in June 2021 and will continuously offer 1% royalty to the creators. After the huge success in trading, now the question arises “Will Binance dominate in this segment too?”

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 curatedselection of investment packages. BitkioxAutobots will continuously work on increasing the value of your portfolio by capitalizing on fluctuations in the cryptocurrencymarket, while you can track your investments grow live on the website.

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Created on Jun 23rd 2021 13:44. Viewed 268 times.

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