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November 17, 2017, 11:38:26 AM |
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Best local Cryptoexchange and local crytpo currency with potential for a holder? Every time a new cryptocurrency exchange launches and starts to make a name for itself, users need to be wary of the potential dangers. It is not easy to launch a new exchange, especially in China. The Binance team is doing things a bit differently, as they do not provide CNY support at this time. Instead, all of their markets revolve around the trading of digital assets and cryptocurrencies, which should keep them out of most regulatory troubles for now. Some of the exchange’s most popular markets are those for its own Binance Coin, BNB. This particular currency can be traded against both Bitcoin and Ethereum. It is always interesting to see exchanges create their own coins. In some cases, this could be seen as a way to defraud investors, although it usually serves as a legitimate way for investors to earn a passive revenue stream by supporting up-and coming exchanges. Time will tell in which category Binance Coin belongs.
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