One of the leading cryptocurrency exchange, Binance, will soon be expanding its business to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors.
With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere.
Binance is reportedly reviewing 65 digital assets to be listed on the exchange at launch. These will be able to trade in both Pounds or Euros. The platform will allow direct deposits and withdrawals from bank accounts using the U.K. Faster Payments Service and the Single Euro Payments Area network. T
According to Binance, its platform saw an increase in the number of institutional clients — which jumped 47% since Q4 2019 — along with a concomitant surge in trading volumes. Institutional volumes, Binance claimed, had risen by 113% during the first quarter of 2020 on spot transactions.
This is very good news for all the people using crypt currencies. But I still prefer Coinbase over Binance.
Over the years, Binance has established joint ventures with leading global partners in Singapore, Korea, Uganda, Jersey and the United States to create fiat-to-cryptocurrency trading platforms.
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