Binance has finally revealed its much-anticipated new product, the Binance Cloud, after teasing at its launch early this month. According to Binance’s official blog, Binance customers or any users interested in launching their very own crypto exchange can do so with Binance’s new service, which is “leverag(ed) on Binance’s industry-leading technology, security and liquidity”.
“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 Changpeng Zhao, CEO of Binance.
In an interview with CoinTelegraph, CZ further elaborated on the service, claiming that it could help users to set up exchanges in the short period of three days at the earliest. The cloud provides users with everything they would need to launch a crypto exchange in their localities, drawing from the technology and features currently existent on the Binance platform. This includes spot markets and futures trading, local bank API integrations and P2P fiat to crypto exchange services, with plans for further upgrades such as development into customization, OTC trading, staking, token launch and even IEOs.
The current service features a dashboard where users can customize features such as trading pairs, coin listing and even language support, all on the same platform.
“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.”
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