Binance brief history and introduction.

Binance is a cryptocurrency exchange founded by Changpeng Zhao, A Chinese-Canadian blockchain developer. Binance was the largest cryptocurrency exchange in terms of volume as of January 2018.
Binance was initially based in China but due to strengthening regulation around Crypto in China It moved out of China, and now headquartered in Malta. Binance has regional offices in Hong Kong, Tokyo, and some other regions. Primarily focused on crypto to crypto trading Binance also offers some other financial products. Due to its innovative strategy and trust among the users, Binance is the leading exchange in the crypto industry.

Trust of crypto community on Changpeng Zhao.

Changpeng Zhao is an expert blockchain developer. He worked at blockchain.com as a development manager and is the co-founder of OKCoin as well as the founder and CEO of BijieTech. Due to his previous achievement crypto community has a strong trust in his exchange.

Binance features.

Like a usual exchange, it offers services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. Cryptocurrency enthusiasts willing to launch their own tokens can use Binance for raising funds through ICOs. Binance is used by a large number of traders and participants for exchanging and investing in various cryptocurrencies. Besides trading Binance offers various crypto-financial products such as staking, lending, fixed deposit, pool mining, and also offers crypto loans.

    1.Staking.

                          You can earn attracting rewards by just holding your crypto in Binance staking currently Binance is supporting up to  23 coins with the following percentage.

TOMO Staking
Estimated Annual Yield: 1%-5%
Minimum Holdings: 5 TOMO

Ark Staking
Estimated Annual Yield: 1%-3%
Minimum Holdings: 5 ARK

EOS Staking
Estimated Annual Yield: 1%-3%
Minimum Holdings: 0.25 EOS

ARPA Staking
Estimated Annual Yield: 1%-10%
Minimum Holdings: 60 ARPA

Lisk Staking
Estimated Annual Yield: 1%-2%
Minimum Holdings: 1 LSK

THETA Staking
Additional Rewards
Estimated Annual Yield: 1%-2%
Minimum Holdings: 10 THETA

LOOM Staking
Estimated Annual Yield: 10%-12%
Minimum Holdings: 60 LOOM

KAVA Staking
Estimated Annual Yield: 14%-16%
Minimum Holdings: 1 KAVA

Tezos Staking
Estimated Annual Yield: 6%-7%

ATOM Staking
Estimated Annual Yield: 6%-9%
Minimum Holdings: 0.5 ATOM

TRON Staking
Estimated Annual Yield: 7%-9%
Minimum Holdings: 5 TRX

Algorand Staking Rewards
Estimated Annual Yield: 8%-10%
Minimum Holdings: 2 ALGO

Harmony ONE Staking
Estimated Annual Yield: 8%-10%
Minimum Holdings: 175 ONE

Fetch.ai Staking
Estimated Annual Yield: 8%-12%
Minimum Holdings: 25 FET

Stratis Staking Rewards
Estimated Annual Yield: 1%-2%
Minimum Holdings: 2 STRAT

QTUM STAKING REWARDS
Estimated Annual Yield: 6%-8%
Minimum Holdings: 1 QTUM

Komodo Staking Rewards
Estimated Annual Yield: 5%-6%
Minimum Holdings: 1 KMD

Vechain Staking Rewards
Estimated Annual Yield: 3%-5%
Minimum Holdings: 1 VET

Ontology Staking Rewards
Estimated Annual Yield: 3%-5%
Minimum Holdings: 0.1 ONT

NEO Staking Rewards
Estimated Annual Yield: 1%-3%
Minimum Holdings: 0 NEO

TROY Staking
Estimated Annual Yield: 15%-16%
Minimum Holdings: 250 TROY

Elrond Staking
Estimated Annual Yield: 3%-4%
Minimum Holdings: 700 ERD

Stellar Inflation Rewards
Estimated Annual Yield: 2%-4%
Minimum Holdings: 10 XLM

     2.FIXED CRYPTO DEPOSITS.

BTC
Estimated Annual Yield
0.99%

BUSD
Estimated Annual Yield
1.46%

USDT
Estimated Annual Yield
1.35%

BNB
Estimated Annual Yield
0.24%

ADA
Estimated Annual Yield
0.85%

ATOM
Estimated Annual Yield
3.07%

BAT
Estimated Annual Yield
0.73%

BCH
Estimated Annual Yield
0.90%

              3.Binance Mining Pool.

                                                                                        Mining pools are a way for Bitcoin miners to pool their devices together and share their hashing power while dividing the reward equally according to the number of shares they devoted to solving a block. Binance has 3000 mining accounts. You can fix up various mining accounts based on your personal requirements. 

                4.Crypto loans.

                                                                             Binance offers crypto loans you can borrow USDT and BUSD with various crypto coins as collateral including BTC, ETH, etc. Currently, loans are given at an annual interest rate of up to 11%.

                5.Binance OTC platform.

                                                                                Binance also offer peer to peer exchange of bitcoin, Ethereum,  EOS,  and usdUSDT, etc. you can buy and sell them with various payment option like bank transfer, Paypal, etc.

Binance Coin.

 Binance has a native cryptocurrency known as Binance coin (BNB)   Initially created on the Ethereum blockchain as an ERC 20token in July 2017, BNB was migrated over to BINANCE CHAIN in February 2019. Binance Coin performed excellent growth over the years and currently ranked at 8th largest cryptocurrency by market cap with a total market capitalization of 2.68 billion dollars.BNB was intended to use as a discounted fee coin and now emerge as a major player in the industry.BNB can also be spent for payments in various ways, such as paying for travel, credit card fees, gifts, and more.

Binance security breach.

Binance faced a major security breach in May 2019 where hackers stole about 7000BTC which worths about 40 million $ at that time in addition hackers also succeed to stole confidential information of customers. After that Binance upgraded its security systems and it's important to note that Binance Beared the all loss and doesn't break the user's trust.

Binance has a lot of potential to grow in the crypto market. We will discuss about various partnerships and integrations made by Binance in the next blog.