Binance Wants to Power Your Own Crypto Exchange
February 19, 2020 – Do you like to run your own crypto exchange? While many companies are offering solutions like helping you build your crypto exchange while you yourself run it, here comes Binance offering an exchange-specific cloud solution called Binance Cloud.
Binance recently announced Binance Cloud, an infrastructure solution for those who want to launch their own crypto exchanges while leveraging Binance’s technology, security, and liquidity.
Do you want to run a crypto exchange?
Let us take care of the boring stuff (tech, product, liquidity) for you. https://t.co/QL4T1pmE9Z
— CZ 🔶 Binance (@cz_binance) February 17, 2020
Binance Cloud will mirror the core functionalities of the global Binance Exchange. It will provide partners and customers a means to “efficiently set up a digital asset trading platform in their local markets, with features that include spot market and futures trading.” Also included are local bank API integrations and peer-to-peer (P2P) fiat to cryptocurrency exchange services.
Colin Goltra, former Head of Cryptocurrency of Coins.ph that such service will be a “godsend” for regional players.
As someone who has worked on a regional order book, I don't think people understand conceptually what a behemoth this product could be https://t.co/5zl20ipDQB
— Goltra (@Goltra) February 17, 2020
Many regional teams (outside tech talent centers) struggle to build high-performance order books, and existing software solutions are highly inconsistent.@Binance is offering its own tech in an AWS-style cloud solution, which would be a godsend for a bunch of regional players.
— Goltra (@Goltra) February 17, 2020
In a statement, Binance CEO Changpeng “CZ” Zhao said, “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 said Binance Cloud will be adding more features for its partners in the near future. The first major digital asset exchange that is fully powered by Binance Cloud will launch by March 2020.
This article is published on BitPinas: Binance Wants to Power Your Own Crypto Exchange
