How did it take off cryptocurrency exchange platforms like binance?

Pros:

Binance offers a large selection of tradable cryptocurrency markets. As of May 1, 2019, 467 different markets are accepted in the exchange.

Binance has its own native exchange token, BNB, which can be used to complement trading rates and increase overall liquidity in Binance.

Binance pioneered the Initial Exchange Offers, and it is Launchpad that facilitates sales once a month for those who are interested in being the first holders of new tokens.

Higher trading volume than most other cryptocurrency exchanges.

How did it take off?

Binance is a fairly new player in the digital exchange market but is already valued at around $ 2 billion. Awesome, right? What did they have that attracted so many people to start working with them?

First, a clear and transparent idea generated by an extremely qualified team with experience in commercial exchange. Second, a large number of initial coin listings, as well as very low commercial rates compared to other companies in the industry. A user is only charged a 0.01% discount on each operation performed and small fees are also charged for currency withdrawals.

In less than 6 months, Binance had managed to become a highly profitable company with almost 3 million users worldwide and around 100 digital currencies in commerce. The value of BNB has steadily increased due to the number of operations performed on the platform.

But this is not all that makes Binance different from other exchange companies. In addition to making currency exchange, Binance has also created some truly unique services such as “Gifto” for virtual gifts and a “LaunchPad” token sale program. They also provide support and guidance for new businesses, which include, among others, the inclusion of funds and even cryptocurrencies.

Conclusion:

Given the popularity of crypto exchange worldwide right now, it is understandable why more and more people get involved in these systems. The digital currency exchange offers great opportunities both for those who are familiar with the market and for those who already have a fairly good experience in it. But the market still has many limitations depending on the country or currency provided and this always means growth potential. Creating a high-quality application for your own cryptocurrency exchange company can give you a great profit in a very short time.

ALWIN Technologies is pleased to help you build outstanding cryptocurrency exchange software. Our team of highly qualified developers can help you with any questions related to the development and make sure you get your own unique application