![]() How does the Binance exchange work?īinance is a centralized cryptocurrency exchange. To evaluate how intuitive the Binance platform is, this review assesses how to trade cryptocurrency on Binance, as well as the exchange’s safety and security. Can retail traders who also use the exchange compete on an exchange known for its fast trade execution? Since many traders are new to cryptocurrency trading, we set out to discover how user friendly this exchange is for beginners. However, with more platforms cropping up daily to buy cryptocurrencies, it may not necessarily be the best option for the retail investor in 2022. An incubator lab for blockchain startup projects and a launch pad for ICOs allowed for many new coins and trading pairs.īinance is the largest bitcoin exchanges in the word after Coinbase with a daily average trading volume of $2 billion. Over-the-counter trading (OTC) between private parties was introduced in 2019 for trades over 20 (~ USD 1 million) BTC. With one of the fastest order execution times and institutional-grade research reports, professional crypto traders have found a home on Binance. Binance Jersey and Binance Uganda recently opened to provide fiat-to-crypto trading. When China shuttered crypto exchanges, Binance moved its offices to Malta. Since Binance launched in 2017 in China, its fast execution times have attracted hordes of professional traders. Changpeng Zhao worked for the Tokyo Stock Exchange and Bloomberg before building one of the fastest high frequency trading systems, Fusion Systems. Without you, Binance Launchpad would not be leading the pack in crypto crowdfunding.Binance’s meteoric rise to become the leading cryptocurrency exchange seems incredulous but possible if you know its founder. Most importantly, thank you to the Binance community for your continuous trust and support. Thank you to all the different project founders and teams for your innovative efforts in the crypto space. We will continue to work together with the Alpha team to develop their product and reach bigger milestones in the future.Īll the nominees deserve praise for their hard work over the past year. The Alpha team has done an exceptional job, offering leveraged yield farming service to DeFi users not only on Ethereum but also on Chain. The Alpha Homora product is also live on BSC with nearly $100m TVL, supporting BNB and Cake leveraged yield farming and composability with Pancake ![]() Alpha’s peak TVL on Ethereum reached nearly $2B in May. Market influence and gained traction: 30%Ĭongratulations to Alpha Finance Lab for winning the Binance Launchpad Project of the Year Award.Īlpha is one of the most influential defi protocols, boasting a large TVL and high composability with other protocols not only on Ethereum but also on BSC. See the weighted breakdown by success factor: Of course, we also excluded projects that were acquired by Binance. ![]() We considered success factors like ROI performance, market influence and gained traction and level of integration with the Binance ecosystem. The nominees include projects launched in the past year (6 in total) that have enjoyed a positive ROI since IEO and are not acquired by Binance. This award recognizes some of the best performing Binance Launchpad projects of 2021. Binance Launchpad has continued to provide an industry-leading fundraising platform, connecting investors to new and promising blockchain projects. ![]() Please join us in celebrating the Binance Launchpad Project of the Year. On Wednesday, July 14, we revealed our 2021 Binance Awards winners live during our “Build to the Moon ” concert experience. ![]()
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