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Binance Link Partner Spotlight: 3Commas

2020-03-05

Binance’s link partners, such as 3Commas, have become an important part of the Binance ecosystem amid our ongoing evolution as an open platform.

Since we launched the Binance Link Program in September 2019, we have worked with major crypto link partners around the world to provide their users with upgraded crypto trading services, order-matching, account management, and settlement systems through one simple API. As of today, more than 100 link partners worldwide are part of the program.

As a major infrastructure provider for cryptocurrency users and businesses, Binance supports innovation and welcomes a wide range of ideas. We help new crypto businesses grow by providing them with the necessary tools and technological structure to make their first steps easier. We believe the Binance Link  Program will open doors for new crypto entrepreneurs and further expose the public to crypto.

3Commas, one of the first crypto trading platforms to join the Binance Link  Program, is an excellent case study in how Binance collaborates with its link partners. This feature on 3Commas is the first in our Binance Linkr Partner Spotlight series, where we’ll take a closer look at the diverse trading services and benefits Binance provides to its link partners and their users.

How Binance Works with 3Commas

3Commas providesf smart trading tools and automated trading bots for crypto investors. The software connects to API accounts and thus, allows users to trade on multiple exchanges from a single 3Commas’ account. The service uses a smart trading terminal with a convenient interface and a set of tools that allow you to implement sophisticated strategies. It supports 23 exchanges, including Binance, and offers different subscription tiers for the use of their bots and tools. 

While 3Commas’ current business model has made it a leader in its field, the company wants to explore more growth opportunities beyond its subscription model. To achieve effective trading results, traders need a detailed strategy and high-quality software to implement it. To do so, Binance has cooperated with 3Commas to create the 3c.exchange, which combines Binance’s exchange expertise and 3Commas’ custom tools. 

3c.exchange is a crypto trading platform that offers automated and smart trading features, including trading bots and smart terminals, from 3Commas. With Binance’s help, 3c.exchange provides a unique, compelling trading service, while still benefiting from Binance’s economies of scale.

Just a few months after entering the Binance Link Program, 3Commas has 2,000 daily active users and trades approximately 10,000 BTC in total monthly crypto volumes.

How Binance Boosts 3Commas’ Business

For just a fraction of the fees made by our link partners, Binance provides them with a plethora of services. These include order-matching solutions, account management, trade settlement systems, personalized marketing consulting and support, rewards systems, and other networking and business perks.

With vital support from Binance through the Link Program, 3c.exchange users get the best of both worlds, taking advantage of the security, technical, and trading prowess of the world’s top cryptocurrency exchange while accessing 3Commas’ smart trading tools.

Veering away from 3Commas’ subscription model for its trading tools, 3c.exchange earns via trading fees based on trades made on the platform. Based on recent studies, 3c.exchange users typically end up enjoying significantly lower costs on their trades compared to 3Commas’ subscription model.

Since joining the Binance Link Program, 3Commas has been able to earn more from 3c.exchange. Aside from being able to explore a new avenue for earning, the service can also showcase the capabilities of its smart trading tools. As a result, 3Commas can now upsell their subscription model, driving greater volume and business for both 3Commas and Binance.

Under this exclusive arrangement with 3Commas, Binance has been able to expand its user base to more areas than ever. We take a small share of the trading fees on 3c.exchange, which in turn helps us further develop our cooperation with 3Commas and other Binance Link Partners.

What 3Commas Says About the Program

When we asked 3Commas about their experience with the program, their representative told us, “We are happy to represent Binance as a link partner. This is an excellent opportunity for our service and its customers. The Binance Link Program helps Binance customers to trade using 3Commas, with tools from one of the best trading services. 

“Working with Binance makes the whole process genuinely clearer and more convenient. We don’t experience any problems or errors, which is important for us because we put our users' satisfaction first,” 3Commas added.

Asked about why it was eager to partner with Binance, 3Commas said: “Binance has great influence on the market, and this is a unique advantage for Binance Link Program participants. It is important for our customers’ funds to work and make a profit on a new trading platform. This makes liquidity one of the key benefits of the Binance Link Program.”

Become a Binance Link Partner Now

Since we launched the Binance Link  Program, we have further enhanced the program. One major update is our newly launched support for futures trading, which opens up a whole new suite of opportunities for our current and upcoming partners. We also support API key mode access for quicker, easier access to crypto trading for our link partners.

“Futures trading is an inalienable part of crypto trading in 2020, and it is the most frequently requested functionality among our users. Binance Futures provides an opportunity for our users to make a profit even with a small starting deposit. This opportunity for novice traders has been realized thanks to the ability to be a Binance link partner,” 3Commas said about the program’s new futures support.

At Binance, we want to grow our roster of link partners from 100 to 150 and more, bringing Binance’s liquidity and market depth to users on any other exchange, platform, or institution. Apply here to become a Binance Link Partner today.

We’re also looking for business development managers who can help us grow the program further. Apply here to join the Binance team!