Exchange
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Spot Trading volume (within 24 hours)
$308,721,391,168.99
About Binance
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Spot Exchange
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Common problems
What does centralized exchange mean?
A centralized exchange generally refers to a custodial asset trading place controlled and managed by a company or operating entity. Users need to deposit their assets on the platform to start trading. In traditional finance, stock exchanges such as NYSE, Nasdaq, etc. are all centralized exchanges. Binance, Coinbase, and Kraken are centralized exchanges in the crypto industry. Their operations are similar to Nasdaq, using a central order book model to match transactions and determine asset prices.
What fiat currencies does Binance support?
Binance currently supports 11 types, including EUR, GBP, BRL, AUD, UAH, RUB, TRY, ZAR, PLN, NGN, RON.