Cryptocurrency exchange giant Binance today unveiled Binance Cloud. In a blog post announcement, the company described the new service as “an infrastructure solution for customers and partners to launch digital asset exchanges launching Binance’s industry-leading technology, security, and liquidity.
According to the announcement, Binance Cloud is an all-in-one solution to enable digital asset exchanges to be launched quickly and efficiently. The service enables exchange operators to rely on the Binance Cloud exchange infrastructure so that they can focus their attention on operational concerns and development of their business model.
Binance CEO Changpeng Zhao stressed that the broader goal is to simplify exchange launches so that operators can spend more time emphasizing customer service and promoting digital currency adoption:
“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.”
Zhao also noted that this type of “complete turn-key exchange platform solution” is the type of product suite that the market has previously lacked.
The Binance Cloud exchange infrastructure will reportedly provide operators access to the same core functions found on the Binance exchange. Those functions are expected to include everything from Binance’s matching engine technology to its big data security, trading risk controls, and spot market and futures trading.