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Binance are launching a UK trading platform for retail and institutional investors soon

Written by  Jul 14, 2020

One of the most popular platforms in the industry, Binance is going to be expanding soon into the UK with a regulated crypto trading platform for both retail and institutional investors/traders.

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.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

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Sam Billings

Simon has worked for many years in crypto markets for the likes of BT and Cisco, developing his skills and experience along the way. He still works on projects and happily for us finds time to sharing his knowledge on Small Medium Business UK.

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