Binance, the company behind the leading global cryptocurrency exchange and blockchain ecosystem, today announced the launch of Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security and liquidity.
Binance Cloud will mirror core functionalities of the Binance global exchange, ranging from its robust matching engine, trading risk controls and big data security system, to the market depth and liquidity previously only available on Binance.com.
An exchange-specific cloud solution, Binance Cloud provides partners and customers with a means to efficiently set up a digital asset trading platform in their local markets, with features that include spot market and futures trading, as well as local bank API integrations and peer-to-peer (P2P) fiat-to-cryptocurrency exchange services. With more features launching soon, the Binance cloud solution allows a wide range of institutions to launch a platform that offers global payment and cryptocurrency trading capabilities, while also allowing for brand customization and features control.
“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,” said CZ (Changpeng Zhao), CEO of Binance. “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.”
The Binance Cloud service is an all-in-one solution, featuring an easy-to-use dashboard that allows customers to manage funds, trading pairs and coin listings, as well as multilingual support, depth-sharing with the Binance.com global exchange, and more opportunities to collaborate with the ecosystem.
“Binance Cloud is a product suite previously missing from the market,” said CZ. “We are eager to share the quality experience of Binance through different brands, communities, and markets globally.”
As part of its product roadmap, Binance Cloud will add more features for its partners in the near future, including staking and OTC (over-the-counter) trading services, as well as token launch capabilities via an IEO (initial exchange offering) platform. The first major digital asset exchange fully powered by Binance Cloud will launch in early March 2020.
Additionally, under its Open Platform initiative, Binance will develop new products beyond its P2P, brokerage and cloud solutions, to provide more access to crypto around the world.
About Binance Cloud:
Binance Cloud is an all-in-one solution for partners to launch digital asset exchanges quickly. Leveraging Binance’s technology, security and liquidity, Binance Cloud provides the exchange infrastructure, while enabling partners to focus on business development and operations. Learn more about Binance Cloud at https://cloud.binance.com.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative), Trust Wallet (its official multi-coin wallet and dApps browser) and Binance Cloud (infrastructure solution for launching digital asset exchanges). For more information, visit: https://www.binance.com.
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