Binance just completed its successful ICO and is going to open for business in less than 9 days from now. Below is the summary of what you need to know about Binance Crypto Exchange.
1 Coin to coin exchange only.
2 Bitcoin(BTC), Ethereum(ETH), Antshares(NEO/ANS), Litecoin(LTC) Binance(BNB) will be traded .
3 Binance will be the worlds fastest exchange platform with matching order speed up to 1.4 million orders per second which is far beyond any platform currently.
4 Binance is the world's first multi-language exchange platform. English , Chinese, Japanese and Korean (according to their white paper) and other languages will be added later.
5 Onchain CEO/ AntShares Founder Da Hongfei is a key investor/advisor for Binance
6 Exchange services including spot trading, margin trading, futures, anonymous instant exchange, Decentralized(on-chain) exchange
7 Fees....
Exchange Fee - Binance initially will charge a 0.2% fixed fee per trade. Other
variations will be subsequently introduced, including
maker-taker, volumed based tiering and 0 fee promotions.
We have no plan to charge above 0.2%.
Withdrawal Fee - Binance may charge a small fee for withdrawals.
Listing Fee - Binance will select innovative coins and other assets to be
listed on the exchange, there may be a fee associated with
those listings.
Margin Fee - If you trade on margin, there may be a fee or interest on the
borrowed amount.
Other Fees -There may be other fees the platform may collect for various
services such as automated algorithmic order etc.
*Note - Binance will be the second exchange in the world trading BTC-ANS (Antshares/NEO) besides Bittrex Exchange.
Will update this post when more information available. Please feel free to correct or add more details in comment section.
Antshares(NEO) Facebook group https://www.facebook.com/groups/NEO.Antshares/
Binance Exchange link https://www.binance.com/en.html#top