Reading Time: 7 minutes NEO Smart Contracts Anyone recently trading in cryptocurrencies stumbled across the relatively young AntShares, which get called NEO since the beginning of August. Crypto insiders consider the young cryptocurrency NEO to be exciting and far undervalued. Allegedly, NEO is exceptionally dynamic, promises big profits and is safe as an investment. We are not so sure …
Now, bitcoin exchange giant Binance, the largest cryptocurrency exchange in the world by volume, has clashed with Alibaba-owned China payment platform Alipay. This clash happened over its new China peer-to-peer trading platform–which Binance had hoped could bring in a new wave of bitcoin buyers.
Earlier this month, Binance launched a peer-to-peer bitcoin and crypto trading platform in China. With the Binance chief executive Changpeng Zhao, often known only as CZ, boasting some 1.4 billion people in the country could begin using it.
Hence, the Malta-based Binance aims at global expansion this year. The company launches in the U.S. and offering margin trading and bitcoin futures.
Meanwhile, the Chinese government develops its bitcoin rival along with partners. This change includes some of the country’s biggest banks, technology company Tencent, and Alipay-owner Alibaba.
The company has grown to become one of the biggest names in crypto. By allowing anyone to use its service to trade multiple tokens. Many unavailable or limited on other exchanges. But over the past year, Binance matured and begun to offer more formalised services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
Existing users have a grace period of 90 days. They will be unable to deposit funds to the site or make trades. The company declined to state whether a geo-block will administer those bans on U.S. IP addresses. However, it did confirm that U.S. customers will retain access to funds held in the service.