the European Binance, a subsidiary of binance.ever existed on the night of the 16. January 2018, the launch of its operating business known. The message led to a veritable Run on the new Exchange – which was, in turn, prompt the Server to a standstill.

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18. January 2019BTC$3.613,56 0.54%part Facebook Twitter LinkedIn xing mail

For bitcoin.de & co. there is new competition. Market-heavy weight Binance is deeds, not words, and is pushing aggressively on the European crypto-market. On binance.the European users since the 17th century. January, several Token action. The Maltese company has not only the European mainland in its sights: in addition to the Euro, the British pound is a Fiat-Couple – one seems to have the threat of a Brexit in the visor.

This is also the pronouncement of Binance-CFO, Wei Zhou suggests, are threatened, declared in a press release:

“The Expansion of the crypto-markets in Europe opened to the Europeans and new economic opportunities as well as freedom from the threat of Brexit-the uncertainty, the pound and the Euro.”

The Domain .je stands for Jersey. The channel island is not part of the United Kingdom, the British crown directly. The island is famous for its generous tax arrangements for businesses and for quite some time in addition to financial service providers, many crypto Start-up.

“Jersey has a existing legal and regulatory framework for crypto currencies in the Binance Jersey fits well,”

is it on the part of Zhou’s.

onslaught forces Server in the knees

the launch of The new crypto-stock exchange, met with such demand that the servers were able to cope with the pending KYC entries of new users temporarily. The CEO Changpeng Zhao showed even surprised. Smugly, he said via Twitter that the Bitcoin-tilt stock market to your own coverage from time to time to appreciate:

Read also: Between the USA and China: Why Europe crypto-Unicorns

The rush needs is likely to be explained by the fact that Binance.the first 5,000 to “Re-Binancians” 20 euros starting balance to give thought to the you can spend, but only for fees. If the quota is already exhausted, is not known.

Meanwhile, first reports of above-average fees to make the round. On the BTC-ECHO Discord, Channel, individual user reports, Deposit Fee of eight Euro and Withdrawal Fees of 20 euros. Would then, the industry-standard fees for Trades, as well as the BTC network fees.

That Binance lands in a new study of trackico in terms of safety at # 34 doesn’t seem to bother the User, however. The expansion rate of the wealthiest Bitcoin exchange in the world is likely to be so, in spite of the mentioned problems, even in 2019.

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