Binance is now the largest crypto exchange in the world. And the managers of the tuen in the Background a lot. The stock market is not long since many new Users due to the enormous variety of trading pairs that there are other crypto-exchanges in the first place. Now Binance to buy an unknown stock market, to be able to other products to offer.
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Binance Jex lists the new financial products
Yesterday, the company announced that the Binance product Portfolio will be expanded through the purchase of a crypto exchange for derivatives options, Futures, and Contracts. This is done by purchasing a relatively small and unknown crypto-stock exchange by the name of Jex, which had its headquarters in the Seychelles. The Deal also sees a Rebranding of the Name to Binance Jex.In February, it was increasingly reported on the projects of Binance in the derivatives market. In may, the Exchange announced that they will introduce plans to so-called “perpetual contracts”, a new type of financial product which is similar to the Futures very much.Trade on the most successful Crypto-exchange. If you’re looking for a reputable point of contact, to act with real crypto currencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. The most the most popular crypto-stock exchange today! Now on Binance sign up.
Binance working for some time on its own derivatives Exchange
In recent months, the crypto has established stock exchange, its own platform for the derivatives trading with crypto-currencies. The purchase of Jex is used to get the purpose of further Expertise and experience on Board.Of course Binance would like to have after the purchase of any 2 different exchanges for crypto-derivatives in their ranks. Therefore, traders can test in the coming weeks, both exchanges extensively. At the same time, each user can vote for one of the two platforms and up to 10,000 BNB (Binance your own token) to win. After the test phase, the persons responsible are select then with the help of customer feedback is the winner and as a derivatives Exchange established. Binance says:
We are of the opinion that an open competition is a good opportunity to test the user-friendliness of the products. In the framework of the competition, we hope to review the two products in terms of market feedback, scalability, and liquidation model design is complete. It will help in the final decision-making.
Can Binance take advantage of his Notoriety?
The derivatives market for crypto-currencies is highly competitive. There is a lot of competition. Place deer such as Deribit and BitMex there for months, enormous increases in the trade volumes with crypto-derivatives.Accordingly difficult it can be for Binance will establish themselves in the market. The stock market could exploit, however, their greatest advantage is their reputation. Binance is as a crypto-Exchange is a well-established on the market and does not need to start from scratch when it comes to make a name for themselves. A further advantage is that Binance has its size is already plenty of liquidity, which is often the most difficult part is building a stock exchange.The recent acquisition and the associated expansion of the product portfolio embeds itself in a strategy of product Expansion. Already a few days ago we had reported about the new credit business in the crypto-exchange.Tradest thou derivatives with crypto? Would you test the new products of Binance? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)