![]() The same year, Binance also acquired WazirX, India’s largest cryptocurrency exchange (check out the complete WazirX review here). In 2020, the parent company shifted its base of operations to Malta due to the growing regulatory issues for cryptocurrency in China and Hong Kong. Soon, it reimbursed its customers with the help of its secured asset fund. The company halted its withdrawals and deposits but continued its trading services. In 2019, Binance suffered a large-scale security breach, where 7,000 Bitcoins ($40 million at the time) were stolen. Trust Wallet was acquired by Binance in June 2018. It is also ranked high for being a trusted exchange in the crypto world. Binance is always at the top in trading volume and has not failed to support its traders in managing or executing high trades. Within a year, Binance rose to global popularity with its highly effective services and advanced trading tools as a market leader in cryptocurrency exchanges.ĭuring our review, it is best known as the leading exchange to register maximum trading volumes every day. It was launched in the industry a few years back, in July 2017. Based in Hong Kong, Binance is, if not the biggest crypto exchange in the world today. ![]() While it offers trading systems and services to its customers, Binance is primarily a trading exchange that works in cryptocurrency markets. Like every other trading platform, Binance is a company that operates as the best cryptocurrency exchange for all its users.
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