Interesting Exchange News: MacAfee Magic and Binance US Exchange

[wry]

There were two really interesting exchange news items today.

First well know personality John McAfee, known for his anti virus tools and crypto fandom, announced a new exchange called McAfee magic.  It basically does two things, first, it allows you to trade on multiple exchanges at once, currently 8 exchanges, so it's basically an exchange aggregator, and it allows you to follow "power traders" and mimic their trades.  I thought both of these features were pretty intriguing so I went and checked it out.  The bad news, fee of 100 USD to join in on the "magic".  It may be worth it, but my trading volume just isn't that significant.

Second, for those of you in the USA, well known exchange service Binance announced it was expanding into the USA.  While US residents can access the Binance platform already, the firm seems to think a US based exchange, done in collaboration with FINCEN certified partner BAM Trading Services will greatly expand its US footprint.

So what do you think?  Is it worth 100 USD to trade on multiple platforms while being able to shadow a master trader?  Does it matter if an exchange is based in the USA rather than Malta for you?

Link to news story on McAfee Magic: https://www.coindesk.com/john-mcafees-new-crypto-trading-platform-magic-goes-live

Link to McAfee Magic: https://mcafeemagic.com/index.php

Link to news story on Binance USA: https://www.coindesk.com/binance-says-its-launching-a-us-exchange-with-fincen-registered-partner

[polor12]

im using that binance platform as we speak;; seeing all these coins be traded is crazy.. started investing usdt.. which  i hope should be the next coin that stake included or replace dogecoin;; any coin should replace doge. eos is another rising coin. right now on that platform im heavily invested in usdt ripples neo... good place to start and see whats going to be the it coin in near by future..

[rajamishra]

hello wryy its a good news and a nice sharing,hope later its may be reduced if the traffic of trader increase so  quickly.but its good news mcafee the most renowned  brand world wide with good security system.the chances of hacking  % little lower due to they have their own security system.if we get some handsome return on trading 100$ not a big amount for joining ,some time  we lose that amount in a day in  gambling .

[DreamStage]

Hum i was so excited in hearing such news and it would have been great, well... Till i read that it is worth 100 USD to trade on those multiple platforms =/

Will certainly giving a lookout for John McAfee for more news and if in fact he will change that fee lol....

I wonder if he will have such high amount of traders, maybe he's expecting the big investors.

[echang426]

If MacAfee Magic can be able to show that even small traders (<$10,000) can make substantial profits by following power traders, maybe the $100 fee is worth it, but what's to say you cannot do the exact same with some free research.

But who knows, I've paid more to use normal stocks trading platforms.

[williamshennie9]

It seems like everyone is jumping in and creating new exchanges these days. Is it really that profitable? The market appears to be getting oversaturated. Like honestly, when I think of Macafee, I think of anti-virus, not exchanges lol.

[polor12]

Binance change their mind with the US,, the Crypto enthusiasts living in the United States will have no trading options for a many cryptocurrencies when the major crypto exchange Binance becomes unavailable for them in September, according to a report by CryptoPotato on June 14. just a couple days ago i had invested and traded alt coins., 2 days ago.. and anything can happen with crypto,,smh>

[Kate]

Binance is already available to be traded on US and you guys mught think what expansion is this ? Well US is very strict about their exchanges so they are setting up a bunch of Binance offices over there so that the customers can come in and solve their problems if they cant do it online.