Binance launches 'white-label' crypto trading solution for institutions
JH Kim
Summary
- Binance said it will introduce a white-label infrastructure solution for financial institutions and brokers.
- The service is CaaS (Crypto-as-a-Service) and uses Binance's backend infrastructure to support various crypto asset trading, liquidity, asset custody, etc.
- Binance said it plans to enable existing financial institutions and brokers to provide crypto asset trading services under their own brands without separate infrastructure.
On the 29th (local time), according to crypto asset (cryptocurrency)-specialized media The Block, global crypto exchange Binance will introduce a new white-label infrastructure solution for financial institutions and brokers.
This service is called 'CaaS (Crypto-as-a-Service)' and leverages the exchange's backend infrastructure to support spot and futures trading, liquidity, asset custody, compliance, payment functions, and more. In particular, the ability to use Binance's global order book is cited as a key competitive advantage.
Binance plans to support existing financial institutions and brokers in offering crypto asset trading services under their own brands without building separate infrastructure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
