While the cryptocurrency markets have been been in a steep decline the past 6 months, Binance has been growing at an extremely fast rate.
Binance, which operates the worlds largest crypto exchange has reported that their user base has quadrupled since January. According to Bloomberg, Binance now boast 9 million users, up from 2 million users reported in January.
Binance is also preparing to offer its first fiat trading pairs, which will be listed against the Euro. Currently the platform only offers crypto-to-crypto trading pairs. This will be an attractive option for investors looking for the ability to trade fiat for crypto.
Binance, currently based in Hong Kong has also opened an office in Malta. Malta has recently become extremely crypto friendly by passing legislation to encourage growth in crypto and blockchain tech.