• Sun. Dec 3rd, 2023

Binance to launch UK trading platform for institutional and retail investors


Jun 24, 2020

The large Binance crypto exchange will be expanded to the UK with a regulated crypto trading platform for institutional and retail investors.

With this platform, Bitcoin Revolution aims to leverage the institutional investment market and meet the growing demand for investment in digital assets in this area.

Bitcoin whale population nears September 2017 levels

Binance is reportedly examining 65 digital assets that it plans to include in the exchange at launch. According to Reuters, investors will be able to trade these assets directly in exchange for pounds and euros.

As a regulated exchange, Binance’s trading platform will operate under the supervision of the UK’s Financial Conduct Authority.

125 billion dollar corporate giant to use blockchain technology to fight global warming
The platform will enable direct bank account deposits and withdrawals using the UK’s Rapid Payments Service and the Single Euro Payments Area network. This is expected to make the trading experience on the platform more enjoyable for all investors.

Teana Baker-Taylor, director of Binance U.K., said that with more maturity in the crypto market, Binance is creating more investment options for traders to participate in the crypto market. They are building “products that earn a return per share, like staking and passive savings,” she added.

Israeli software company delays payment of $250,000 ransom at Bitcoin

Increased institutional investment in Binance
According to Binance, its platform showed an increase in the number of institutional clients, which rose by 47% from the fourth quarter of 2019, along with a concomitant increase in trading volumes.

Institutional volumes, according to Binance, had increased by 113% during the first quarter of 2020 in spot transactions. It also recorded a 217% increase in futures investments. To that end, Taylor said:

“Interest and participation in the UK’s digital asset markets is growing; not only in depth with its current participants, but also in breadth.”

By admin