The Capital
Published in

The Capital

Altcoin News: Binance CEO Explained the Growth of the Crypto Market by Retail Investor Activity

July 15, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The CEO of the Binance Exchange Changpeng Zhao claims that individual investors continue to play a key role in the cryptocurrency market.

“We have not seen institutions growing faster,” he said in a conversation with Bloomberg. “What we’ve seen is pickup in both places” The number of institutions coming in this industry has not increased in 2019 yet. ”

According to Zhao, the activity of both institutional and retail investors is increasing at Binance. At the latter, this accounts for about 60% of the total trading volume, which corresponds to the levels of the last year.

Altcoin Magazine Index Fund is LIVE

It may interest you to know that Altcoin Magazine, with its intention to expand its services, has launced a private Altcoin Magazine Index Fund. This crypto fund was created such that anyone interested will be able to make an investment that is as low as $10, and as much as the person can afford, in an index fund protocol that is secure, and one where there will be real professionals on hand that will help investors perform trades, as well as help them ensure that their crypto portfolio is properly managed for a token fee that is an annual payment of 3%.

Furthermore, it is imperative that you know about the added feature that lets you monitor and track the activities of our professional trader with your portfolio. This tracking can be done with the aid of the Altcoin Analysis that gets published on the Altcoin Magazine website. This publication will be made 3 times/a week.

Interestingly, and as a way to take the stress of trading off you, you will be able to get live feeds about your portfolio, as well as its performance, and thus it gives you an idea about the trades and the attitude of the portfolio at the time. This feature is made available on your desktop, or betterstill, users can utilize the ICONOMI mobile app to check.

Altcoin Magazine has succeeded in making crypto investment easier for anyone, hence, this is the time to get involved with the Altcoin Magazine Index Funds, and begin to enjoy the profitability that comes with crypto investments. Do not miss this opportunity to have investments in the Altcoin Magazine Index Fund, because there are only 100 slots available. Have you kept thinking about how to join the crypto community as a crypto investor, then this is for you, because there are several benefits attached.

Only invited people can invest, so if you want to be one of them, reserve your spot by reaching out to us on cryptoinfo365@gmail.com

Binance CEO also drew attention to the role in the formation of the overall dynamics of margin trading, recently launched by its exchange. During the first day, 10,000 traders took advantage of the option, borrowing a total of $15 million.

“I suppose that by the end of the year most of the bidders will use the margin to one degree or another,” he added. — To be honest, this is a fairly safe tool. Trading volumes will increase, and potential volatility.”

Meanwhile, Binance Coin outperformed the next largest cryptocurrency in terms of EOS capitalization and reached sixth place in the CoinMarketCap list. This happened shortly after the announcement about the completion of the eighth BNB quarterly flaring, during which Binance announced that it would henceforth use tokens reserved for its team.

The Block analyst Larry Chermak, commenting on the Binance decision, said that it was probably due to regulatory considerations.

“Binance removed all references to burning 20% ​​of the profits from its white paper and from the site. In yesterday’s announcement, they said that “they will continue to burn BNB on the basis of the volume of trades” — not on the basis of profits, Chermak writes. — I think they want to show that BNB is an ecosystem token, not a security, and thus make room for it on its new American stock exchange.”

Zhao argues that the analyst is mistaken, and Binance’s decision is caused solely by a desire to allay the concerns of the community about the possibility of selling tokens belonging to the team.

Author: Marko Vidrih

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store