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Crypto Prices

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

Written by  Jul 03, 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.

binance reviewAlso see: Binance 2020 Comprehensive Review

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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Peter Flynn

Senior Editor and self confessed Crypto addict, bringing a variety of Crypto tech news, help and advice in the UK. I have worked in various fields throughout my career such as a Systems Administrator, Cyber Security Consultant and other technical related roles, these days I concentrate on Cryptocurrency journalism and technical writing.

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