Binance democratizes Crypto Exchanges with its B2B2C Cloud Solution for Digital Assets Trading

Binance democratizes Crypto Exchanges with its B2B2C Cloud Solution for Digital Assets Trading

Binance announced the launch of its B2B2C Cloud Solution to launch Digital Asset Trading Platforms.

The launch of Binance Cloud allows Binance's customers and partners to launch their own digital asset exchanges on top of Binance infrastructure. The cloud solutions leverage Binance’s industry-leading technology, security, and liquidity, notes the announcement.

Features like a unified console to manage funds, digital asset trading pairs and coin listings are made available.  Other features include spot market and futures trading, local bank API integrations and peer-to-peer (P2P) fiat-to-crypto currency exchange services.

Executive Opinion

CEO of Binance, CZ (Changpeng Zhao), 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. 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."

Binance Cloud to host Digital Asset Trading Exchanges

The crypto asset trading platform solution will empower customers and partners to easily setup up a digital asset trading platform in their local markets.

Binance also noted the availability of OTC (over-the-counter) trading services, token launch capabilities via an IEO (initial exchange offering) platform in the coming months.

The first exchange on the Binance's Digital Asset Trading Cloud platform will be available next month, March 2020, the announcement noted.

PC: TechSutram

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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