Binance launches Binance Cloud to allow users set up crypto exchanges
Category: #business  By Saipriya Iyer  Date: 2020-02-18
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Binance launches Binance Cloud to allow users set up crypto exchanges

 

  • Binance Cloud will be an all-in-one platform supporting coin listings and trading pairs
  • It will provide users a method to put up a crypto platform in local markets

Binance, a top cryptocurrency exchange and blockchain ecosystem, recently launched Binance Cloud, expected to serve an infrastructure platform that shall be an all-in-one system for its partners and customers. It will allow the users to introduce various digital asset exchanges that are based on the market-leading security, custodial services, technology and liquidity of Binance.

The solution will also be supporting the dashboard to manage multilingual functionality, a range of trading pairs as well as coin listings and funds.

CEO and Founder of Binance, Changpeng Zhao (CZ) had hinted at the launch of the Binance Cloud which got an official release on February 17, meant for users who are ready to set up the crypto exchanges.

According to reliable sources, the cloud solution pertaining to new exchange of Binance will be offering the users a particular method of putting up the crypto platform across their local markets. The features of the Cloud involve futures trading and crypto spot market along with the API integration of local bank and peer-to-peer exchange services from fiat to crypto.

Reportedly, Binance Cloud aims to add features such as trading services, token issuance that will have an initial exchange offering platform and staking in the future.

The CEO of the company, CZ stated that the new service will be targeting people coming from regions that have not been covered by Binance as of now. The founder further added that Binance Cloud will help the people run their exchanges across local markets that stand far from the company’s culture, fiscal or even knowledge to date.

CZ continued commenting that Binance Cloud will also help all the partners to introduce an exchange in five days’ time if the other preparations have been in order. The first prime digital asset exchange will be entirely powered by Binance Cloud and will be launched by early March 2020.

Source credit- https://cointelegraph.com/news/binance-cloud-to-allow-users-to-launch-a-crypto-exchange-within-5-days

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About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

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