Binance Offers White Label Crypto Trading Platform For Smaller Exchanges

World’s largest crypto exchange by daily trading volume, Binance is setting afloat a cryptocurrency trading platform that can be rebranded by smaller crypto exchanges for their native markets.

Highly speculated Binance Cloud will provide local exchanges futures trading, spot market along with local bank API integrations and P2P fiat-to-crypto exchange services. The aforementioned development is mentioned by the exchange in a statement released on Monday.

It is to be noted that carrying out a product like Binance Cloud would alleviate prospective crypto exchange operators of the software burdens involved in scalability and security. This essentially provides them more time to ponder over getting the proper licenses and registrations in their respective regions.

As per the announcement, Binance Cloud will offer the security controls, matching engine, and liquidity of the main Binance exchange. This means that while an exchange may have its own branding and local fiat currency, the back end will primarily be Binance itself. This will mainly bring the advantage of increased liquidity. It will also indirectly help Binance operate in regions where the exchange doesn’t presently operate.

The exchange mentioned,“The Binance Cloud service is an all-in-one solution, featuring 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”

What is your opinion about the new cloud services offered by Binance? Let us know in the comments below!