Glossary: What is Binance?

Binance is a leading cryptocurrency exchange offering a wide range of trading options, from spot trading to futures and staking.

What is Binance?

Binance is one of the largest cryptocurrency exchanges in the world, offering trading services for a wide range of digital assets.

Explanation

Binance provides spot, futures, and margin trading, along with staking and liquidity farming. Its high liquidity and advanced trading tools make it a preferred choice for traders globally.

Practical Example

A trader uses Binance to buy Bitcoin and Ethereum, leveraging its low fees and deep liquidity for efficient transactions.

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