Summary
- Binance announced the launch of a real-time broadcasting service for traders called 'Binance Square Live'.
- This service is expected to share traders' trading strategies and market outlook in real-time, encouraging interaction among virtual asset investors.
- Binance stated plans to introduce its own review and management system to maintain content quality and secure community trust.
According to CoinDesk, a specialized media outlet for virtual assets (cryptocurrency), on the 26th (local time), the global virtual asset exchange Binance announced that it is officially launching a real-time broadcasting service for traders called 'Binance Square Live', as it enters the competition in the social media platform space.
This new service is implemented within Binance's existing content platform 'Binance Square'.
Users can watch traders' trading strategies, chart analysis, and market outlook in real-time and engage in real-time feedback and discussions. Additionally, viewers can participate by liking the content, leaving comments, and using reaction emojis.
Binance stated that this feature will "encourage real-time interaction among virtual asset investors and contribute to enhancing market understanding." This announcement is analyzed as a strategy conscious of competition with existing social platforms like X (formerly Twitter), YouTube, and Twitch.
Currently, 'Square Live' is available only to a select group of invited creators and traders, with plans to gradually expand the participant base.
Binance plans to introduce its own review and management system to maintain content quality and secure community trust in the future.
Meanwhile, Binance is expanding 'Binance Square' from a simple information board to a comprehensive content platform by strengthening its news, analysis, and discussion features.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
