Home / Crypto News / Binance announces the first year's report, and the results are quite solid

Binance announces the first year's report, and the results are quite solid

Binance (Binance), the world’s largest cryptocurrency exchange, announced a report summarizing the results for the first year. According to this, the company seems to be recording a strong performance despite being in the first year.

The company’s brilliant achievements are noted in the report

Binance also touches on the company’s milestone in the report, and it is content that you can tell about its rapid growth.

# Binance’s First Year in Reviewhttps: //t.co/dPFv7lscay

Binance (@ Binance) July 19, 2018

The company brought to the top 10 of the cryptocurrency exchange in just 42 days from the start of business, and on the 92nd day it ranked top as the top 5, even 165th day . And 10 days later, the transaction volume per day exceeded $ 10 billion.

Binance coin (BNB) issued by Binance also maintains a solid result from that launch. Recently I have recorded the highest value of over $ 16.5. The precise plan of Binance contributes to this backing.

In addition to discounting transaction fees to BNB holders, the company has purchased BNB at 20% of its revenue and burned its coins once a quarter . Binance burns more than 7.5 million BNB tokens just last year.

What is introduced next is the product within the company’s ecosystem. Binance has applications for Android and iOS, Binance Labs, Binance Info, Binance CHain, clients for Windows and MAC, Bianance Uganda and Binance Charity Foundation.

Although the Binance Charity Foundation has just been launched this July, we have already been actively engaged in supporting Japan’s heavy rain disaster.

However, the main reason why Binance succeeded so far would be its support system. The exchange supports 12 languages, 24 hours 365 days customer support is resident . Binance says it responded to more than 200,000 inquiries alone last year and helped regain coins equivalent to more than $ 1.3 billion.

The exchanges handled 143 projects last year and provided 370 trading pairs. It seems that prizes equivalent to 4000 BTC have been dealt with in the campaign that gifts for luxury cars and home appliances that are also one of Binance’s great attractions.

Binance is also known as an exchange that will respond quickly to air drops and coin swaps . In addition to distributing 488,399 GAS to NEO holders, the exchange has supported 11 air drops and forks including ONT and ENJ.

Mr. Zhao, who is CEO of Binance, said that the company’s goal is still far ahead and will continue to strive toward that goal.

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/Binance-first-year-review-performance/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.

It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.

About Coin News Desk Team