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Others like Binance also implement a self-insurance policy that allows it to pay back users if there’s a security breach. P2P exchanges are platforms that provide an escrow service for crypto buyers and sellers. Transactions are typically initiated by the interested parties while the exchange holds the funds until the payment is confirmed. Binance UK aims to be the United Kingdom and Europe focused arm of leading cryptocurrency exchange, Binance. Expected to launch in the summer of 2020, the platform will not only be fully-regulatory compliant but will also benefit from Binance’s immense influence on the crypto space. CoinJar is a local cryptocurrency exchange that serves the UK and European markets.
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