Binance 💘💘
Sure! Binance is one of the largest cryptocurrency trading platforms in the world by daily trading volume.
What is the Binance platform?
· Main function: It is an exchange or centralized platform (CEX) that allows users to buy, sell, trade, and store a wide range of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and many other altcoins.
· Establishment: Founded by Changpeng Zhao (known as CZ) in 2017.
Main services offered by Binance:
1. Spot Trading: Direct buying and selling of currencies at the current market price.
2. Margin Trading: Trading with borrowed funds from the platform to increase purchasing power (higher risk).
3. Derivatives Trading: Such as futures and perpetual contracts, which allow speculation on price movements without owning the underlying asset.
4. Earn: Placing your digital currencies in savings or lending products or "Staking" to earn interest or returns on them.
5. Lending: Lending your currencies to other traders in exchange for interest.
6. Binance Card: A credit card backed by your digital currencies that allows you to pay at regular stores.
7. Binance Coin (BNB): The native currency of the Binance platform. It can be used to pay trading fees (with a discount) and participate in initial coin sales.
