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Binance Bitcoin chart MarginĬlients can trade with up to 1:125 leverage. The Classic platform contains less technical information and may be more suited to beginners, whereas the Advanced view includes a wealth of market data and price charts. These trading interfaces give users access to data that will inform their order strategy. The website also recently added an over-the-counter (OTC) trading desk, which allows users to exchange larger quantities of cryptocurrencies in one transaction with settlement directly into a chosen Binance account. Binance futures leaderboardīinance offers five ways to trade crypto assets unlike many traditional brokers: Convert & OTC DeskĪs the most basic trading method, the ‘Convert’ feature enables clients to convert one coin type into another, based on a real-time exchange rate. It also runs a Futures Leaderboard, which displays the performance of the top 500 traders based on daily ROI. Binance trading chartsīinance maintains an insurance fund for futures which pools the collateral from trader fees to cover bankrupt clients’ positions. The concept of open interest, which quantifies the number of open positions held by clients, may also be of use to new traders as it can convey market sentiment.
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Clients should also be aware of the funding rate for futures, which is determined using the premium (the variation between a perpetual contract price and its mark price) and the interest rate. TradingĬustomers can improve their strategies by using historical trading data on futures, which is available upon application. The Zones group also contains the Innovation Zone, which allows customers to trade new and potentially higher risk tokens, and DeFi (decentralised finance) listings like Sushi Swap. Quant and Nano do not appear to be available at Binance, however new coins/crypto listings are announced regularly. This listing contains all currencies offered by the firm, including Monero, Neo, and XRP. The firm also offers options, which follows the Binance Futures BTCUSDT perpetual contract asset.Ĭlients can navigate the cryptocurrencies offered using the Zones group. USD Coin-margined – perpetual and quarterly futures, e.g.USDT-margined – perpetual futures, e.g.These instruments represent a number of perpetual contract positions, with variable leverage between 1:1.25 and 1:4. The spot market also includes leveraged tokens. Fiat – Government-backed currencies such as the Euro.BNB – Binance coin, the firm’s own cryptocurrency.Alts – Cryptocurrencies other than Bitcoin.The spot offering encompasses the following markets, which amounts to over 150 different coins:
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Customers with this branch should sign in with their login credentials to withdraw any funds from their accounts before the website is shutdown. The firm recently announced the closure of its local branch, Binance Jersey (Binance.je), as its services are now available with the global entity. Potential UK customers should note that individuals dealing in crypto assets may be subject to income and capital gains tax. Binance Europe Services Limited is based in Malta and serves as the organisation’s headquarters.īinance Markets Limited is the trading name of the UK operation which follows regulations from the Financial Conduct Authority (FCA) and has an office address in London. The company’s services are available in many jurisdictions including in the UK, Uganda, Nigeria, and the US. The firm has an average daily trading volume of over $2 billion and its owner – Changpeng Zhao, has a personal net worth of more than $2 billion. The secure online platform offers multiple crypto trading products while holding licenses with several regulatory agencies. What Is Binance?Ĭustomers buy, sell and manage crypto assets for investment on the Binance exchange. We’ll also unpack the range of Binance markets, from crypto futures and options to leveraged tokens. Our review looks at the login procedure, fees, API offering, and its decentralised exchange service (DEX). ACH Transfer, ADVcash, Banxa, Bitcoin Payments, Credit Card, Etana, Flutterwave, Google Pay, Mastercard, Paybis, PayID, PIX Payment, Samsung Pay, Simplex, Vietcombank Transfer, Visa, Wire Transferīuy and sell an extensive list of leading and emerging crypto coins at Binance.ĭOGE, VET, USDT, BTC, BNB, ETH, VTHO, ADA, ONE, SOL, NEO, LINK, XLM, NANO, LTC, BUSD, HBAR, ALGO, MANA, ZIL, ENJ, BCH, MATIC, EGLD, HNT, EOS, QTUM, RVN, DAI, IOTA, ONT, STORJ, UNI, ETC, BAND, OMG, XTZ, USDC, ATOM, DASH, ICX, BAT, MKR, OXT, ZEC, ZEN, ZRX, COMP, WAVES, KNC, REP, PAXG, FIL, WBTC, THETA, SHIBīinance is a leading cryptocurrency exchange that offers trading on the likes of Bitcoin.