Binance Cloud Is Announced

Binance has released Binance Cloud for customers to launch their own digital asset exchanges.

According to an announcement by Binance, Binance Cloud will mirror core functionalities of the Binance global exchange, ranging from its robust matching engine, trading risk controls and big data security system, to the market depth and liquidity previously only available on Binance.com.

Binance Cloud provides partners and customers with a means to efficiently set up a digital asset trading platform in their local markets, with features that include spot market and futures trading, as well as local bank API integrations and peer-to-peer (P2P) fiat-to-cryptocurrency exchange services.

Binance also states that more features will be launching soon, including staking and OTC (over-the-counter) trading services, as well as token launch capabilities via an IEO (initial exchange offering) platform. The first major digital asset exchange fully powered by Binance Cloud will launch in early March 2020..