Binance Launches Binance X Developer Platform

Binance has unveiled a developer platform called Binance X to develop its cryptocurrency ecosystem.

Binance X will help developers explore and work with the blockchain ecosystem, as well as its own Binance solutions, such as Binance Chain, Binance.com API and Trust Wallet application development software packages.

“The long-term goal of Binance X is to create a prosperous ecosystem for developers to innovate in products and services that support the development of the cryptocurrency industry and the spread of crypto assets,” said Teck Chia, head of Binance X.

Chia said that now is the “right time” for this initiative, as Binance is increasing the number of products for developers and the number of third-party developers who create products and services on the platform.

“These developers deserve a team focused on helping them succeed at all stages of their development.”

Binance originally hinted to launch Binance X last week on Twitter. The launched initiative will connect developers with various company programs: Binance X Fellowship, Binance Labs Incubation, Binance Launchpad and other affiliate programs. For example, the Binance X Fellowship program has already attracted more than 40 developers and projects, the company said in a statement. Chia told The Block:

“As a rule, we are open and ready to support non-standard and creative projects and ideas. We hope that on our platform innovative projects from third-party developers will appear that will help the mass distribution of cryptocurrencies. ”

The other day, the Binance exchange launched
cryptocurrency lending service, and in the middle of the month it became known that Binance plans
launch of the Venus regional stablecoins project.