Binance To Take on Amazon and Google With Crypto Cloud Services

Bloomberg is focused on revenue and numbers, which are hard to predict, but you could look at AWS and Azure… And if you ever wished to run a crypto exchange like @Binance, then…https://t.co/FEVM9h2MqU — CZ Binance (@cz_binance) February 18, 2020

Profit is clearly the end game here as a shift into enterprise-oriented businesses could help the startup unlock a more steady revenue stream. At the moment Binance makes the bulk of its billions on trading transaction fees. This has grown as the company has expanded into a number of different countries across the world offering regulated fiat on-ramps where previously there were few options. World domination is the ambition here as CZ added that Binance would favor fiat exchanges as its cloud clients. The company would target regions or communities where it has yet to build a strong foothold. The report added that Binance will announce the first fiat exchange powered by its cloud service in the coming weeks and confirmed that there were four other clients in the pipeline. CZ acknowledged the liquidity problem smaller exchanges have and added that clients would be able access the order books of all the existing trading pairs on the primary exchange. Involvement of the firm’s own BNB token was not mentioned though it was trading almost 4% higher on the day at $23.65 at the time of writing. Will Binance take over the crypto world as Google has done with the internet? Thoughts below Image from Shutterstock

source: https://bitcoinist.com/binance-to-take-on-amazon-and-google-with-crypto-cloud-services/

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