Sirlibz
Binance, the leading cryptocurrency exchange in the crypto space has announced the launch of a United Kingdom trading platform just like the United states version of the exchange. The UK platform is a regulated trading platform which will provide a tailored cryptocurrency trading experience to UK users- the official tweet stated.
With the cryptocurrency platform being regulated by the Uk Finance Conduct Authority, both institutional and retail investors get to buy and sell cryptocurrencies using pounds and euros.
The UK platform will allow for deposits and withdrawals for cryptocurrency through direct bank transfers via the UK Faster Payment Service and the Single Euro payment Area Network. They plan on having up to 65 digital assets to be available at the launch.
The platform will offer
lowest trading fees in the United Kingdom
Easy fiat deposits and Withdrawals
Will operate under the UK Financial Conduct Authority (FCA)
Will have a simple UI/UX.
Teana Baker-Taylor, the Uk Binance Director said
Interest and participation in the UK digital asset markets is growing; not just in-depth with its current participants, but also in breadth,” Binance UK Director
As crypto services mature and evolve, we’re able to create new options to engage and capture interest from a wider audience with varying risk appetites, such as products that earn a yield for participation, like staking and passive savings,” she said
Binance Growth
Over the years, Binance has greatly established its partnerships with a lot of leading global platforms in Korea, Singapore, Jersey and the US, in order to create an easy to access fiat-to-crypto trading platform.
Last month alone, they had made over 136 announcements and updates on the Binance Exchange in one month alone.
