They say this has improved performance significantly and that it in theory should be able to handle 100 times the volume the exchange is experiencing today, if true, this is extremely impressive. Late June 2020, Binance upgraded its trading engine by rewriting all the code from scratch to a brand new programming language. The exchange has been regarded as having one of the better trading engines amongst all of the cryptocurrency exchanges for a long time, able to match orders quickly and handle an immense amount of volume. In this Binance tutorial and review, we will look at how to use the exchange with all its features and find out how good the exchange actually is.īinance boasts that the trading engine can support up to a total of 1 400 000 orders per second. They are also trying to climb the rankings when it comes to derivatives exchanges, offering high liquidity perpetual margin contracts, futures and even options.
It does not stop there however, even when it comes to Bitcoin they have managed to develop into the largest spot exchange in the world, far surpassing Coinbase. Through the years as Binance has improved their trading-engine, design, stability, products and liquidity, the competition has slowly dissipated and left Binance to reign as the king of altcoin cryptocurrency exchanges. In 2017 there was intense competition between exchanges to offer the most amount of cryptocurrencies with the best liquidity and the difference between the exchanges was marginal. Due to the enormous rush into the cryptocurrencies, Binance experienced growth unlike any other exchange, with so many new users signing up that they temporarily had to shut down registrations.Ĭhangpeng Zhao, or more frequently referred to as ‘CZ,’ is the current CEO of Binance and is an active figure on social media where he will often make statements on Binance, cryptocurrency and bitcoin in general.
Binance is the most popular and well-known exchange to purchase cryptocurrencies, it has undergone tremendous development and progress these last two years and provided users with an all-in-one solution for trading when it comes altcoins and bitcoin on one platform.īinance was founded and began operating at arguably the perfect moment, in July 2017, right before the immense and historical bull-run the whole cryptocurrency space was about to experience.
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