CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$32,239.00
  • ethereum
    ETH$1,365.66
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Binance To Launch Regulated UK-Based Cryptocurrency Trading Platform This Summer

    Binance To Launch Regulated UK-Based Cryptocurrency Trading Platform This Summer

    Author: Jordan Lyanchev

    Last Updated Jun 17, 2020 @ 11:19

    The leading cryptocurrency exchange, Binance, will launch a trading platform in the United Kingdom this summer, a recent report informed. It will allow both retail and institutional investors to use the platform, which will be regulated by the UK Financial Conduct Authority.

    Binance Goes To The UK

    According to today’s Reuters report, the popular cryptocurrency exchange will begin operations in the UK this summer with up to 65 digital assets initially and more to be added in time.

    The UK-based platform will allow deposits and withdrawals for buying and selling cryptocurrency directly through bank transfers via the UK Faster Payments Service and the Single Euro Payments Area network.

    “Interest and participation in the UK digital asset markets are growing, not just in-depth with its current participants but also in breadth. As crypto services mature and evolve, we are able to create new options and capture interest from a wider audience with varying risk appetites, such as products that earn a yield for participation, like staking and passive savings.” – Said Binance UK Director Teana Baker-Taylor.

    The company also outlined the increasing interest coming from institutional investors. The report cited Binance by informing that their number has grown by nearly 50% in Q1 2020 compared to Q4 2019.

    A recent survey compiled by Fidelity supported this narrative as 36% of all institutional investors participating had noted that they own Bitcoin or other cryptocurrencies. Interestingly, the percentage was higher in Europe than in the US, which could also urge Binance to open a UK-based platform.

    Futures And Options Volume On The Rise

    Today’s report also presented Binance’s numbers regarding volume for both spot and futures trading. Comparing Q1 2020 to Q4 2019, the spot volume has surged by 113%.

    According to recent research, the trading volume of cryptocurrency derivatives is increasing across most of the exchanges, reaching an all-time high of $602 billion in May. Binance Futures has already surpassed BitMEX, which was an established authority in this regard over recent years.

    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • binance_3-min
      $1 Trillion in Trading Volume Year to Date: Binance Futures with a New Milestone
    • Bankruptcy
      Cryptocurrency Lending Platform Cred Files For Bankruptcy: Users Worry For Their Funds
    • paypal_crypto_bitcoin-min
      The Good and The Bad About Cryptocurrency on PayPal
    Read more on: Binance Binance Futures United Kingdom

    About The Author

    Jordan Lyanchev View more posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$32,239.00
  • ethereum
    ETH$1,365.66
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    binance
    ADVERTISEMENT
    bitmart
    Bitcoin Editorials
    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!