Blockchain Asset Exchange Binance Goes Zero-Fee

A newly launched trading platform has announced that it will charge no fees on all its trading pairs.

Binance, as the trading platform is titled, focuses on the chain of chain assets is led by Changpeng Zhao, a high-profile Bitcoin enthusiast who has worked in high-level positions at OKCoin, Blockchain.info, and Bloomberg.

The platform is committed to providing users with more secure and convenient digital currency exchange services, polymerization of global high-quality digital currency, and a world-class blockchain asset trading platform.

Binance is the new kid on the block, trying to disrupt and challenge the hierarchies in the exchange space. Despite being a new trading platform, it sure is enjoying a considerable traction and support as is obvious by its recently concluded ICO. Binance managed to successfully raise an investment of $15 MM USD via their ICO.

The team behind Binance.com has some serious players from Morgan Stanley, Nomura, SBI group, and Accenture.  The exchange also acquired a long list of high profile backers for their ICO, including Roger Ver, Matt Roszak, and a number of well-known Chinese investors.

The first impression of Binance.com has largely been positive. The trading interface is clean and professional, powered by a noticeable fast matching engine. Therefore, making trading on the platform a smooth experience.

Binance offers two trading screens, one regular, and the other one is called Pro. Both the screens are free of cost. Our preference tilts towards the regular one.

Customer service response is fast. You get a human response within minutes. Although it is clear that the support team is new, they work hard to resolve any customer issues. As for the community support, Binance has a small but an active Slack community, where the core team members pitch in daily.

As gauged from the community, it seems the withdrawal time is on the high side at the moment. But the team says that they are still tuning the currently fortified risk management process, and it will become faster over time.

The exchange follows an aggressive release schedule.  A week after their ICO closed, the platform launched the exchange with 4 trading pairs.  And within next 10 days, the API trading (Beta) was released, in addition to the 4 more coins that were added (QTUM, SNT, BNT, and EOS).

It is well worth keeping an eye on this one.