Changelly, an instant cryptocurrency exchange service between digital currencies with 100+ coins and tokens listed, has partnered with Binance, the world’s largest cryptocurrency exchange. The new partnership allows Changelly to deliver more trading pairs with faster transaction speeds and better rates for its users.
Proud to announce @Changelly_team partnership with @binance. It's bringing our instant exchange service to the next level with new trading pairs, better rates and faster transactions! Was a pleasure to make agreement with @cz_binance in Malta. @gladkos https://t.co/eB8KjY8qDf
— Konstantin Gladych (@gladkos) April 24, 2018
Changpeng Zhao, CEO of Binance, inked the deal with Konstantin Gladych, CEO of Changelly, in the Mediterranean island country of Malta.
“After meeting Konstantin in person to finalize our partnership, I am confident that Changelly has a professional team with great experience and even bigger potential. We believe that together we will provide users all over the world with a top-class level of service,” said Zhao.
Prague-based Changelly will act as a user-friendly broker between Binance and Changelly’s customers who want to exchange cryptocurrency in a direct and simple way. It will integrate Binance’s API and cryptocurrency rates, offering better prices and faster exchanges to customers in real time. Changelly’s own instant exchange API is already available to several partners such as Jaxx, Coinmarketcap, Breadwallet, Coinomi, Mycelium and Coinpayments.
The Changelly partnership aligns with Binance’s goal of creating more functionality in the crypto markets. Ease of use between the two platforms can increase transaction volumes, attract new customers to both exchanges and add liquidity.
The largest cryptocurrency exchange by trading volume, Binance processes an estimated $1.5 billion in daily volume at a rate of 1.4 million transactions per second. The company is relocating to Malta in the aftermath of China’s crackdown on cryptocurrencies and ICOs. They have alluded to working on plans to try to integrate crypto-to-fiat trading pairs, with no set date on when such plans may be implemented.