Binance is currently the largest virtual currency exchange, occupying the global trading volume and number of users. Its advantages include multiple currencies, large transaction volume, low transaction fees, high security, international support, etc. Binance faces challenges from competitors such as Huobi and OKX, and these exchanges are also actively expanding their businesses to compete for market share.
The largest virtual currency exchange: Binance
Binance is currently the largest virtual currency exchange in the world So, it is far ahead in terms of transaction volume and number of users.
Establishment Background
Binance was founded in 2017 and is headquartered in the Cayman Islands. Its founder, Changpeng Zhao, once served as the CTO of OKCoin, the predecessor of Binance.
Advantages
The reason why Binance can become the largest virtual currency exchange is mainly due to the following advantages:
Other Competitors
Although Binance is the largest virtual currency exchange, it also faces challenges from other competitors, including:
These exchanges are also actively improving service quality and transaction volume to compete for market share.
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