Last 2 weeks has seen the massive growth in cryptocurrency market. Market reached its all time high $140 billion. During this growth, there came a new exchange in town which became headache for all other exchanges overnight.
Binance recently raised $15 million in its ICO, and high profile bitcoiners Matt Roszak and Roger Ver also participated in ICO.
Changpeng Zhao who has previously worked with OKCoin, Blockchain.info and Bloomberg leads the team consisting of players from Nomura, Morgan Stanley, The SBI Group and Accenture.
Binance coins (BNB) were sold in its ICO. These tokens let the user pay for margin trading fees and withdrawal fees. Tokens are also tradeable cryptocurrency in platform.
Binance has a good and clean user interface platform with a speedy machine engine that ensures smooth trading.There are two options available on the platform one is regular one and another one is pro one with extra features added. But the access to pro screen is free.
To make sure customer security Binance has introduced a customer support team that works hard and always ready to solve your problems.
Binance may be the new exchange but it has grabbed a lot of attention by declaring trading fees zero, raising the questions other exchanges will follow or not.