10 facts you should know about the Binance platform
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Answer 10 facts you should know about the Binance platform
Within a year, Binance has turned into one of the largest cryptocurrency exchanges globally and is up and running — and growing constantly.
All it took was one year for Binance to beat the competition, launching its apps on mobile and desktop devices, while accommodating more than 8 million users.
That is why we would like to share with you some interesting facts about Binance. Here are our top 10 points:
- Binance founder Changpeng Zhao went from working in a burger shop to working at a local gas station at night to run a startup — and now he’s built Binance, becoming a billionaire within a year.
- Binance has a matching engine — fast enough to process 1.4 million transactions every second… making it the fastest cryptocurrency exchange in the world.
- Nobody knows the exact location of the Binance server. Company founder Changpeng Zhao is always on the go – never living in one place and never revealing the location of Binance offices. From a previous article:
Zhao keeps Binance’s office and server locations a secret — making it difficult to determine which country has jurisdiction over the company — and asks employees to remain silent about their association with the platform on social media. He said he never stays in one place for long, living off short-term rentals and hotels in Singapore, Taiwan and Hong Kong (he prefers the Mandarin Oriental or the Ritz-Carlton).
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- Binance is not only a cryptocurrency trading platform but also an incubator for developing projects related to the crypto world via Binance Labs.
- Binance is more profitable than Deutsche Bank. Although Deutsche Bank is 148 years old and has a profit of less than $200 million. While Binance achieved those numbers in less than a year.
- Binance is said to be asking an average of $200,000 to list a cryptocurrency. The price depends on many factors.
- Binance has created thousands of jobs in the field of blockchain and cryptocurrency. First, it starts in Uganda – which is among the 25 poorest countries in the world. In Bermuda, Binance pledged $15 million to create mass awareness at the university and create jobs.
- There are 200 employees around the world working to maintain and manage the Binance platform. More new offices and remote jobs are being created constantly.
- On January 10, 2018, Binance added a record number of users. A total of 240,000 users signed up in one hour. This is when Bitcoin reached nearly $20,000.
- Binance will soon add trading against fiat currencies, excluding the US dollar. Already working with major banks to make buying and selling cryptocurrency easier.
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