Today we are going to discuss one of the most popular e-currency websites in the world right now. Without further ado let’s get to the topic. Actually this website is binance website. So what is this binance? Let’s see what happens with this. We hope to bring this information about binance to you in several parts, and let’s identify binance as the first one.
So this binance was first started 5 years ago by Changpeng Zhao who is a Chinese national and a developer who previously created a high frequency trading software. It is in China. But later, the Chinese government has moved its headquarters out of China due to the imposition of some regulations related to this trading.
Binance, which operates as a global company under the name binance holding ltd, was the world’s largest cryptocurrency exchange with a turnover of $1.3 billion as of early 2018. Later an office was established in Molatawa.
So within these 5 years, the binance brand is a company that has made great progress. It is in that space that the world’s largest cryptocurrency exchange can be introduced globally.
We believe that you have got knowledge about how this binance started. So let’s see what will happen with this binance. So the main thing here is to be able to buy and sell crypto currency. And it is a software designed to make those tasks easy. Through this, we have the ability to buy different types of crypto currencies at a low price and sell them at a high price. To get a profit from it. What is different as a business is that it is intangible e-money. Briefly explained, binance is a crypto currency exchange.
So for us to work correctly in this platform, it is essential to do an analysis regarding crypto currency. So there are two main parts of this market analysis. That is, as fundamental analysis and technical analysis. So this fundamental analysis means the current status of the electronic currency used for the relevant trading and its good or bad analysis and trading. Technical analysis means the analysis using the previous behavior of the electronic money used to carry out the relevant trading.
So we can divide the way trading is done in this binance into two parts. That is, as future trading and spot trading. We will talk about that in the next section.