Popular cryptocurrency exchange and blockchain ecosystem, Binance revealed the launch of a new infrastructure named Binance Cloud.
According to reports, the Binance Cloud infrastructure solution mirrors the core functionalities of Binance global exchange. This ranges from the robust matching engine, trading risk controls, and big data security system, to the market depth and liquidity available on the Binance platform.
Notably, with the new infrastructure solution customers and interested partners get the opportunity to launch digital asset exchanges leveraging Binance’s industry-leading technology, security, and liquidity. In other words, Binance Cloud provides partners and customers with a means to efficiently set up a digital asset trading platform in their local markets. Also, enjoying features that include spot market and futures trading, local bank API integrations and peer-to-peer (P2P) fiat-to-cryptocurrency exchange services.
Besides, the platform allows a wide range of institutions to set up a platform that offers global payment and cryptocurrency trading capabilities. Accordingly, allowing brand customization and features control.
Additionally, they promised more features to launch more features in the nearest future.
CZ (Changpeng Zhao), the CEO of Binance commented on the development.
He said: “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.”
He also added that the initiative focuses on opening access to Binance’s technology and resources as an infrastructure provider. He also revealed they plan to limit the technical challenges for platforms and partners. Therefore, allowing them to focus on users, ensure access to local fiat access, and accelerate the global adoption of cryptocurrency.
About Binance Cloud
Binance Cloud service claims to be an all-in-one solution. The infrastructure solution features an easy-to-use dashboard that allows customers to manage funds and trading pairs. As well as, coin listings, multilingual support, depth-sharing with the Binance exchange, and provide more opportunities to collaborate with the ecosystem.
The platform also said the first digital asset exchange fully powered by Binance Cloud comes up in March 2020.
Additionally, with its Open Platform initiative, Binance plans to develop new products to provide more access to crypto globally.
CZ pointed out Binance Cloud as a product suite previously missing from the market. “We’re eager to share the quality experience of Binance through different brands, communities, and markets globally,” he added.
To remind, Binance recently applied for Singapore’s new Payment Services Act License for Binance Singapore.