| Developers: | Binance |
| Date of the premiere of the system: | March, 2020 |
| Branches: | Financial services, investments and audit |
Content |
2020: Start of the platform
In May, 2020 it became known that Binance allowed traders to create own cryptoexchanges. For this purpose earlier the cloud platform of Binance Cloud was started.
According to the message of the company, Binance Cloud will serve as the universal infrastructure platform for clients and their partners allowing to exchange digital assets. The platform provides to users a control panel in cash, the multilingual interface and also listing of coins.
The new cloud solution of Binance will provide to users a method of setup of the cryptoplatform in the local markets. Binance Cloud includes spot market of cryptocurrencies and the futures trading and also integration of API of local banks and service r2r exchange from Fiat to cryptocurrencies. In future Binance Cloud more functions, such as rates, off-exchange trade services and also release of tokens with the ICO platform are going to add.
Speaking about Binance Cloud, the founder and the CEO of Binance Changgpeng Zhao emphasized that the new platform will be mainly focused on people in regions which do not use Binance services yet. Binance Cloud will allow these people to manage own exchanges in local markets.
Binance Cloud will allow partners to begin exchange within three-five days if "other preparations are carried already out". The first large exchange which is completely working at Binance Cloud infrastructure began the work at the beginning of March, 2020.[1]
 | Changgpeng Zhao also noted that Binance Cloud is the first initiative such: Binance Cloud is the packet of products which was earlier absent in the market […]. We wish to share experience of Binance through different brands, communities and the markets worldwide. We want that as much as possible our partners had access to the cryptomarket. |  |
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Notes
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