Leading cryptocurrency exchange Binance is launching Binance Cloud, a new product that allows partners to build exchanges for their own markets while delivering Binance’s “technology, security, and liquidity.”
Binance Cloud features the exchange’s matching engine, trading risk management protocols and security measures.
The product is designed to ramp up crypto adoption worldwide by giving participants a rapid way to build the necessary plumbing. It also expands the Malta-based company’s brand and aims to establish its tech as a core building block for the industry’s new infrastructure.
Binance CEO Changpeng Zhao says,
“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.”
The new solution also advances Binance’s goal to enable users to buy and sell crypto using over 180 fiat currencies.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Lena Serditova