Cryptocurrencies
Crypto Giant Binance Launches Cloud Service in Revenue Shift
- CEO sees cloud as a lucrative business for firm to enter
- New division furthers exchange’s strategy to get fiat money
This article is for subscribers only.
Binance Holdings Ltd., one of the world’s largest cryptocurrency-trading platforms, has made its first foray into business services by lending its technology and liquidity to those who want to start their own exchanges.
The Malta-based crypto behemoth announced its cloud operation to help business clients and partners set up crypto exchanges using Binance’s tech infrastructure, ranging from matching engines to risk controls and data security systems, according to a company statement.