Cryptocurrency Q&A
Is Binance a P2P crypto exchange?
Is Binance a P2P crypto exchange?
MountFujiVista
Wed Jul 17 2024
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7 answers
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Could you please elaborate on whether Binance operates as a Peer-to-Peer (P2P) cryptocurrency exchange? My understanding of P2P exchanges is that they facilitate direct transactions between individuals, often without the involvement of a centralized intermediary. Does Binance facilitate such direct trades, or does it primarily operate as a traditional exchange platform where buyers and sellers trade via a central order book? Clarifying this distinction would help me better understand the nature of Binance's services and its positioning in the cryptocurrency market.
7 answers
CryptoGuru
Fri Jul 19 2024
The P2P crypto exchange has witnessed remarkable growth in recent years, catering to nearly all countries worldwide.
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Elena
Fri Jul 19 2024
Initially, the exchange began its operations with a centralized crypto exchange model to establish a strong foundation.
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Luca
Fri Jul 19 2024
However, recognizing the potential of decentralized transactions, the exchange pivoted last year.
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DondaejiDelightfulCharm
Fri Jul 19 2024
This strategic shift led to the launch of a peer-to-peer crypto exchange platform.
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Sara
Thu Jul 18 2024
The new platform supports a vast array of digital currencies, totaling over 140+.
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