With this new platform, the exchange is aiming to dip their feet into the institutional investment market and attempt to meet the increasing demand for cryptocurrency investments in this industry. The platform is reportedly looking over more than 60 digital assets at the time of writing that it is planning to list on the exchange at launch.
As the platform is a regulated exchange, its trading platform will function under the supervision of the United Kingdom is financial conduct authority.
The director of Binance UK has said that as it grows in maturity throughout the crypto space, Binance is creating more investment options for its traders in order to participate in the market. Teana Baker-Taylor adds says that they are building more products that are used for participation such as passive see me passive savings as an example.
As a little bit of information on the platform itself, this new venture will allow direct deposits and withdrawals from bank accounts using the United Kingdom's faster payment service and single Euro payments area network. Consequently, it will allegedly make trading with cryptocurrency significantly easier for institutional and day traders/investors.
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