Digital Assets: A Cloud-based, Turnkey Crypto Exchange Solution From Binance
The premier crypto exchange provides an infrastructure solution for launching a digital asset exchange in a matter of days.
Binance, which is the world’s largest crypto exchange by trading volume, announced Monday the launch of its Binance Cloud. The Cloud is an all-in-one solution for crypto market participants to launch digital asset exchanges quickly within their local markets. (CoinGape)
“The Binance Cloud service features an easy-to-use dashboard that allows customers to manage funds, trading pairs and coin listings, as well as multilingual support, depth-sharing with the Binance.com global exchange, and more opportunities to collaborate with the ecosystem,” the firm said in a statement.
Unburdened by software and technology complications, exchange operators can go ahead with branding. They are secure in the knowledge that the back end of their exchange is basically that of Binance itself. It offers a matching engine, liquidity, and the same security controls.
However, it may be recalled that in 2019, hackers stole $40.7 million in bitcoin from the exchange in a large scale security breach.
The rapid establishment of a crypto exchange
In sum, Binance provides the entire exchange infrastructure. It, therefore, frees up the exchange operator for business development and operational activities such as licensing and registration.
Crypto exchange operators will also benefit from the firm’s advanced technology, security, and liquidity.
Founder and CEO Changpeng Zhao (CZ) said to CoinTelegraph that Binance Cloud will be particularly advantageous for users seeking to introduce crypto trading in areas outside the firm’s footprint.
In fact, if all other preparations are complete, the offering will enable an operator to implement a crypto exchange within three to five days, claimed CZ.
The exchange-in-a-box is a white-label crypto exchange infrastructure. The biggest player in this sector is AlphaPoint which supports over 100 exchange operators.
Related Story: Digital Assets: Blockchain Securities May See New Dawn in 2020
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