Ever since Binance appeared on the scene in 2017, its growth has been nothing short of astonishing. The crypto-to-crypto exchange that came from nothing became the world’s largest cryptocurrency trading platform in the speed of a bullet.
And if you had any suspicions whether Binance and its charismatic CEO Changpeng Zhao (CZ) were eyeing world domination, it looks like you were right.
The launch of its own blockchain Binance Chain, hosting IEOs, capturing a slice of the U.S. market, adding support for more and more global fiat currencies, and entering the crypto derivatives space isn’t enough for the hungry serial entrepreneur.
Now, Binance is taking the next big step following in the footsteps of behemoth tech companies like Google and Amazon by announcing its own cloud operation — Binance Cloud.
Bloomberg is focused on revenue and numbers, which are hard to predict, but you could look at AWS and Azure…
— CZ Binance 🔶🔶🔶 (@cz_binance) February 18, 2020
Binance cloud services for clients who want to start their own crypto exchanges
So, how does Binance plan this move to the cloud? Actually, CZ’s ever-expanding crypto empire has already begun. According to an article in Bloomberg, “The cloud division” has been running for three months already and employs almost 20 people.
Binance Cloud has all the makings of a real revenue-spinner. The Malta-based company will allow business clients to use Binance’s rock-solid tech infrastructure to set up their own exchanges (including expertise in areas such as matching engines, risk control, and data security systems).