Binance Cryptocurrency Exchange Records Record Trading
Binance, a cryptocurrency exchange that was launched earlier this year, has become the largest exchange in the world by trading volume, with close to $3 billion traded in 24 hours according to data from Coinmarketcap.com. The company recently stated they it now reached 2.9 million users on its platform since its launch in July of 2017.
Changpeng Zhao, Founder and CEO of Binance, said: “We are humbled to reach this incredible milestone. Our focus has always been and will continue to be providing our users with the most secure, fast, and efficient way to exchange digital assets.”
The exchange provides cryptocurrency trading globally by offering virtually instant exchanging between 96 different digital assets and Bitcoin, Ethereum, BNB (the native Binance token) and USDT. Binance Exchange supports multiple platforms and compatibility across devices, including Web, Android/IOS, Mobile HTML5 and Windows/Mac clients in order to fulfil multi-dimensional trading requirements for users. The company’s matching engine is capable of sustaining 1.4 million orders per second, as well as 20 million simultaneous users on the platform. It supports trading in multiple languages including English, Japanese, Chinese, Korean, Russian, Spanish, French and German.
The company believes its growth can be partly attributed to development programs and services such as a new token sale vetting program called Binance Launchpad. Since being announced earlier this month, two of the biggest recent token sales have run on the platform and rapidly sold out.
GIFTO, a virtual gifting protocol being launched by Uplive, a live-streaming mobile app with 20 million+ users, sold $3 million in their tokens exclusively to Binance users through Binance Launchpad. This was followed by Bread, a decentralized banking application, that quickly sold over $3.5 million in tokens exclusively to Binance users.
Also believed to contribute to the growth is a focus on speed, security and technology. Binance has also developed a ‘Binance Angel Program’, with Angels located in over 30 countries around the world who are a dedicated to helping ‘Binancians’ and fostering awareness of Binance on a global scale.