Binance Unveils Binance Cloud To Aid Crypto Trading Platforms

eToro

Taking pride in being the world’s biggest cryptocurrency exchange in terms of trading volume, Binance has announced the news about the launch of its highly anticipated project Binance Cloud through an official Twitter post on February 18, 2020. The newly launched platform will aid the users, developers, and traders in launching their own digital assets by infusing Binance’s world-class technological expertise, high-grade security mechanism, and liquidity.

According to the reports, Binance Cloud will employ the revolutionary functionalities of the Binance global exchange network, including its efficient matching engine, trading risk controls, and big data security system, etc. The platform gives its users a golden chance to access a path-breaking technological interface and tools that could help them in setting up a digital asset trading platform in their native markets studded with lucrative features like spot market and futures trading along with API integrations and P2P fiat-to-crypto exchange services.

“As a part of Binance’s Open Platform initiative to enable more crypto access globally, Binance Cloud supports its customers and global partners with a complete turn-key exchange platform solution, consolidating the new financial infrastructure to an open platform based on blockchain technology. With these initiatives focused on opening access to Binance’s technology and resources as an infrastructure provider, we aim to limit the technical challenges for platforms and partners, allowing them to focus on their users and local fiat access and accelerate the global adoption of crypto,” stated Changpeng Zhao, CEO of Binance.

Binance Cloud, with its user-friendly interface, will help the institutions in launching a platform that will facilitate global payment settlement, trading services, features control, and brand customization. The dedicated team of Binance aspires to add more exciting features to its new platform in the near future. In the initial phase, the users will enjoy access to an easy-to-use dashboard that will help the investors in managing funds, trading pairs, and coin listings. The platform supports multiple languages, depth-sharing with Binance.com global exchange, and is likely to offer more opportunities to integrate with the ecosystem.

The platform aims to add staking, OTC trading services, as well as token launch services via an IEO platform. The first major digital asset exchange supported by Binance Cloud will be unveiled in the starting phase of March 2020. As part of its Open Platform initiative, Binance will curate new products apart from P2P, brokerage, and cloud services, which will help in the mass adoption of crypto around the world.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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