Binance is the great example of success as Cryptocurrency exchange. Just a half year ago, It was introduced to the market. After that, It faced the harshest situation ever. Basically, Binance is Chinese Cryptocurrency exchange.
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We know that Binance and other Cryptocurrency exchange was banned in China. That's why all exchanges need to move out of China to foreign countries. Most of the Chinese Cryptocurrency exchange moved to Hong Kong, Japan and South Korea.
Currently, Binance is one of the largest Cryptocurrency exchange in terms of 24-hour trading volume. Daily $2 billion dollars worth of Cryptos are trading in Binance.
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Recently, ZERO-FEE Cryptocurrency exchange raised money through ICO. It was quite successful. Cobinhood sold all of their 500 million token. ICO price of COB was $ 0.0516 . If you look at the current market price ($0.26) of COB, It is quite profitable. Cobinhood all-time high was close to $1.5.
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All the exchanges are loaded with traders. Kucoin, Binance, Cobinhood, Robinhood, Coinbase, Bitrex and of course South Korean and Japanese exchange all are loaded with investors. Recently, Forbes published a list of Crypto Billionaires. Binance CEO, Changpeng Zhao or CZ was on the list.
So if you have money built a Cryptocurrency exchange or Buy Exchange related ICO. You will be a gainer. But before that, Do not forget to analyze the ICO you are investing.
What is your opinion on Cryptocurrency exchange or Cryptocurrency growth in general? Please leave a comment below:
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