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Binance launches trading platform for investors in UK
 Binance has indicated that there has been an increase in the number of institutional customers on the platform 18.Jun.20 8:07 AM By Shawn Highstraw Photo toinnov.com |
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With the move, Binance is trying to tap into the institutional investment market in the country and meet the growing demand for investments in digital assets such as Bitcoin (BTC). Reportedly, first of all, 65 digital assets are being assessed that have already signed up. These assets, when approved, can then be traded directly against pounds and euros. Binance is a regulated cryptocurrency exchange and is therefore supervised by the British financial behavior authority. The platform also allows for direct deposits and withdrawals from bank accounts by partnering with the British "Faster Payments Service". This should make the trading experience on the platform smoother. Binance has indicated that there has been an increase in the number of institutional customers on the platform. This number is reported to have increased by 47% in the last quarter of 2019. The first quarter of 2020 was also a good period for this number. For example, the number of institutional investors increased by 113% during this period. This means that interest and participation in the British digital asset markets are increasing rapidly. Due to the diversity of companies and individuals participating, the market is not only deeper, but also broader. | |
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