This is pleasing news from Binance. A leading crypro currency exchange has just announced they will be expanding their platform in the United kingdom for institutional and retail investors alike. Many of the European Union countries would also benefit from this expansion as the GBP and Euro can be used to purchase or sell cryptocurrencies via faster payments (same day payments either way in majority of the cases). They will also be regulated by the Financial Conduct Authority.
This news could not have come at a better time in all honesty. As you many be aware COINBASE has a very solid history of always having major issues in the event of even moderate price fluctuations yet alone handling volume of a bullrun. BINANCE would give Euopeans a chance to finally say good bye to Coinbase and make Binance their new home. It would also give exposure to more assets providing further diversification to investors in comparison to Coinbase's hand picked few. With the bullrun due in the coming months or at the beginning of next year (very latest), in my opinion this is a very smart move from Binance.
This would relieve alot of us who have currently stuck with Coinbase mainly for the ease of fiat deposit/withdrawal despite their issues. How annoyed would you be with Coinbase if you aren't able sell at the peak of the run next year due to their silly 'technical issue' or 'service unavailable' sign?
What do you think, does Coinbase finally have serious competition in the UK and Europe? Will Binance be winning over alot of Coinbase's customers and will you be switching over?
Click here to read the full article from Coindesk.
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