There is a lot of new subscribers to binance and even the binance had increase in value the reason why is because
Binance is a crypto-only trading exchange. Whether one coin or another fails, it doesn’t matter. Binance benefits from the overall growth of the industry.
As a crypto services provider, Binance is rapidly expanding. Since launching five months ago in July 2017, daily trade volume has increased from $75 million to over $700 million. Users have grown from under 10,000 to over 120,000. And the coins available to trade now top 170.
Binance has a fixed token supply of 200 million.
These tokens are used for exchange fees, withdrawal fees, listing fees, and fees for future services.
Here’s what makes Binance unique: It uses 20% of its quarterly profit to buy back its tokens. It then “burns,” or destroys, those tokens. That means they go out of circulation, and the value of the remaining tokens goes up.
This October, Binance burned 986,000 BNB tokens. We expect Binance to burn even more tokens next quarter as its trade order volume explodes, and with it, fees collected.
Binance plans to burn tokens until the total supply reaches 100 million. That's why we see have recently an increase on the price of the binance token (BNB)
What's interesting also with the binance exchange is that they do a lot of contest on twitter and on the exchange between traders depending on how much they've deposit and the winners could gain prices like tokens and even cars like mercedez and lamborghinis !
They also have a refferal program that each binance customer will have once they registered and then they can give to any one who wants to subscribe to binance and for each refferal they will have 50% off on commissions so that's another thing that make binance exchange really unique !
It will be appreciate if you don't have binance and want to register to it to go on my link:
