Why choose Binance.com ?
- High Performance
- All Devices Covered
- Safety Stability
- Multiple-Language Support
- High Liquidity
- Multiple-Coin Support
How Works Binance com
It has only been eight months that WWW Binance com has come into being and since then, its unbelievable capacities of undertaking 1.4 million transactions every second. Binancecom has attracted more than 6 million users all across the globe which makes it the world’s largest exchange for cryptocurrency. According to the Binance founder, no decentralized exchange will be able to handle the volume and no platform is as secure as Binance. The market is very much inclined towards buying it.
The beginning of Binance Website and its unmatched team:
Cryptocurrencies are spreading faster than ever not only in terms of the price but also in the number of new coins that are being introduced to the system. According to the reviewers, Bitnance is one of the top performing cryptocurrency exchanges. Binnance is not just a cryptocurrency but also an exchange as well and the term means binary finance and its aim is to empower the future of cryptocurrency financing.
The Binance brand and Binance Founder, Changpeng Zhao calls it a centralized exchange based in China and claims the platform to be a better alternative to such other centralized exchanges. This is because they have successfully pointed out many problem areas in the centralized exchanges and are working fast to offer solutions. Some of the most common issues such as platform insecurity, poor technical infrastructure, improper customer service, poor market strategies, lack of language support and poor internationalization. In order to mitigate these issues, Binance has taken a few crucial steps such as matching engine, device coverage and multilingual support:
Matching Engine: The matching engine of Binanace has been claimed to have the ability of handling 1,400,000 orders per second which make the platform the fastest exchange in the market at the present. It is one of the most reliable platforms as well.
Device coverage: Binanc is also offering cross-platform clients for trading for Android, Web-based trading, Mobile HTML5, Windows PC and iOS.
Multilingual support: Binanance has promised to launch themselves in all of their feasible interfaces such as Chinese, Japanese, English and Korean. They have already added language support in their web page for languages such as Spanish, Korean and Japanese. And according to the experts, there will be more languages added in the near future.
Changpeng Zhao’s parents were both educators, his father was a professor. His family immigrated to Canada after he was born in the late 1980s. When he was a teenager, he was compelled to cover up the expenses of the family which he did by working at the McDonalds’s as well as working on overnight shifts at a gas station. Changpeng Zhao studied computer science at the McGill University at Montreal and then he spent some time in both Tokyo and New York. At first, he built a system for the required trade orders in the Tokyo Stock Exchange and then moved on to Bloomberg’s Tradebook where he built software that can aid in future trading. In 2013, Zhao came to know about Bitcoin from his poker playing companion who was also a venture capitalist. He then took interest in prominent crypto projects and then he considered joining Blockchain.info. Being the third member of the wallet’s team and head of development for around 8 months, he got a chance to work closely with popular Bitcoin experts such as Ben Reeves and Roger Ver. He also worked with the popular firm for trading between digital and fiat assets OKCoin and was designated the chief technology officer for some time.
After this episode, he wished to start his own digital asset exchange that would not be associated with fiat currencies. He did this as he was warned against risks as well as regulatory complications that are often connected to financial institutions. But it was not until last year that he decided to move further when the ICO boom and volume started gaining soar. He had recently relocated to Japan and then he moved to Formosa which has certainly influenced him. This has shifted the domination of China over the trading volume of Binance. In the present scenario, about 38 percent of Binance’s users are in the United States of America and the biggest market is definitely in Japan. Since Binance never had the record of having a scaling business in the land of the rising sun, they were limited to signing a lease on the large office. According to the Binance brand and binance founder, everything was growing so surprisingly fast, that they came to know that the taxes they paid previous year was not adequate enough to cover the rent of even one month. As a result, Binance was compelled to move into a cramped space that had inadequate workstations congested one next to the other. Changpeng Zhao declares that at present they have working desks right beside the toilet. He has taken the step of broadcasting it to his Twitter followers that they are in search of customer support staff and developers in Taiwan. He is planning to double the size of the present team within the next 3 to 6 months.
At present, Binace is able to support around 120 coins that work with 240 trading pairs and more than 100 wallets. Bianance brand and bfinance founder says that they have received over 5000 applications in the currency listings. He has also mentioned it very clearly that he and his team will be able to welcome those currencies that come with a strong credibility, amazing user base and required level of liquidity. The wonderful team members of Binance is involved in both crypto and finance industry for a long time. The team has been working on and has operated numerous exchanges and as a result, they have successfully gathered a huge number of partners in this arena. This means, they are not just newbies who are willing to run a scam exchange; they are quite equipped with the challenges and risks.
With all these perspectives in mind, it can be said that Changpeng Zhao is heading towards winning a gold rush. It goes without saying that his trades are superfast and are extremely reliable.