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-crypto currency 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.
