Binance offers a service for local cryptocurrency exchanges

Binance has announced that it will soon launch a fully customizable local exchange service. Binance Cloud will provide a digital crypto asset trading platform that can be branded by smaller companies for their local markets.

According to the press release, Binance Cloud will provide local spot market and futures trading services, as well as API integration of local banks and fiat-to-crypto peer-to-peer (P2P) services.

Binance Cloud will provide the order matching engine, security controls and liquidity of the main Binance.com exchange. The platform can be personalized with its own brand, but it will benefit from the liquidity benefits of a major exchange.

Binance company comes with an all-in-one solution

Implementing a product such as Binance Cloud would save potential operators from software tasks involved in security and scalability. This gives them more time to deal with obtaining appropriate licenses and registrations in their jurisdiction.

“The Binance Cloud service is an all-in-one solution, with an easy-to-use dashboard that allows customers to manage funds, trading pairs and currency listings, as well as multilingual support. It will provide the back-end benefits of the global Binance.com exchange and more opportunities to collaborate with the ecosystem, ”

said the company.

Later, Binance plans to add additional “over-the-counter” staking and OTC services. It will also offer the ability to launch new tokens through a customizable IEO platform.

With the launch of Binance Cloud, the company offers services similar to AlphaPoint, one of the largest infrastructure providers in the cryptocurrency exchange market. Founded in 2013, AlphaPoint provides software services for some of the world’s largest crypto exchanges.