Setting up a crypto exchange is now much easier for any interested parties. Binance, arguably the largest crypto exchange in the world, has announced the launch of Binance Cloud. The new product, according to an official announcement, will allow users to set up their own digital currency exchange service.
The announcement says that projects that use Binance Cloud will be able to leverage on the functionality Binance already boasts of, with all of its features including technology, liquidity, and security.
Binance CEO Changpeng Zhao says that with the new product, Binance hopes to remove the challenges that currently plague the industry, preventing interested projects from forging ahead with exchange endeavours. The CEO also said that this will help these projects focus on other parts of their products. Zhao said:
“With these initiatives focused on opening access to Binance’s technology and resources as an infrastructure provider, we aim to limit the technical challenges for platforms and partners, allowing them to focus on their users and local fiat access and accelerate the global adoption of crypto.”
The announcement also boasts that the Binance Cloud service is an all-in-one solution that has a very straightforward dashboard that puts all functions in one place for easy access. This will allow easy fund management, coin listings, multilingual support, and many more.
Recently, Zhao said Binance and other centralized exchanges are a lot more secure than decentralized ones.