Binance, the company behind the leading global cryptocurrency exchange and blockchain ecosystem, today announced the launch of Binance Cloud, an infrastructure solution for customers and partners to operate their own cryptocurrency exchanges.
An exchange-specific cloud solution, Binance Cloud provides partners and customers with a means to efficiently set up a digital asset trading platform in their local markets, with features that include spot market and futures trading, as well as local bank API integrations and peer-to-peer (P2P) fiat-to-cryptocurrency exchange services. With more features launching soon, the Binance cloud solution allows a wide range of institutions to launch a platform that offers global payment and cryptocurrency trading capabilities, while also allowing for brand customization and features control.
“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.”
– CZ (Changpeng Zhao), CEO of Binance
The Binance Cloud service is an all-in-one solution, featuring a dashboard that allows customers to manage funds, trading pairs and coin listings, as well as multilingual support, depth-sharing with the Binance global exchange, and more opportunities to collaborate with the ecosystem.
As part of its product roadmap, Binance Cloud will add more features for its partners in the near future, including staking and OTC (over-the-counter) trading services, as well as token launch capabilities via an IEO (initial exchange offering) platform. The first major digital asset exchange fully powered by Binance Cloud will launch in early March 2020.
Additionally, under its Open Platform initiative, Binance will develop new products beyond its P2P, brokerage and cloud solutions, to provide more access to crypto around the world.