The alliance between Binance y Streamr It will provide market participants with more accurate and transparent information that will be helpful in designing business strategies.
The exchange with the world’s highest trading volume, Binance, announced a new commercial integration with the operator of one of the real-time market data protocols for decentralized networks. Streamr.
The announcement was confirmed through his account Twitter by the CEO of Binance, Changpeng Zhao, who in turn cited a post on the official blog of Streamr, by offering more details about this new commercial alliance.
“Binance will be the first crypto exchange with market data distributed across a decentralized network.” – Quote from the article https://t.co/vIUPjQcdkQ
– CZ Binance ??? (@cz_binance) April 29, 2020
According to the Streamr official blogThis alliance implies that the market data from Binance They are distributed over a decentralized network, which brings important advantages to algorithmic operators who use this information.
alliance Streamr – – Binance: Security and transparency
Among the advantages that this integration would bring, the usefulness of the data provided should be particularly emphasized Binance One of the exchanges that uses the world’s largest trading volume and supports a wide range of products and services that are part of their economic and technological ecosystem.
In this order of ideas, market participants have the opportunity to integrate data from Binance with other sources of information in the markets that they use to process much more accurate information that would be very useful for designing affordable business strategies. While there may be some latency due to the decentralized nature of the service, companies highlight the broad user base that uses this data, which allows information to be output much faster than centralized sources.
On the other hand Streamr underlines the great contribution this integration makes to transparency in data processing and data security. All of this information would be signed in cryptographic form and fully armored against manipulation and attacks of this kind DDoS and censorship that obeys private interests.
In this regard, the co-founder of Streamr, Henri Pihkala commented:
By connecting Binance market data to the Streamr network, we want to encourage and facilitate algorithmic traders to develop better automated trading strategies and combine them with other data resources available on our platform. In this way, we want to offer traders an advantage in terms of comfort, speed and security and generate more volume for Binance in terms of the assets traded.
Expansion plan Binance
The integration of Binance with data service Streamr It is part of the stock exchange’s expansion plan to offer its products to a larger number of people around the world.
Zhao recently confirmed the takeover of the market data service. CoinMarketCap, A strategic step that aroused mistrust among enthusiasts of the digital currency ecosystem, precisely because of the consequences that this would bring Binance Establishment of new operating models for one of the companies with the longest track record in financial information for investors in the crypto sector.
Was before Binance also officially announced the launch of its new debit card Binance card, the funds used BTC y BNB Allow its operators to make payments in stores and establishments connected to the VISA network.
Token DATA increases by more than 70%
This announcement was also particularly positive for the company-sponsored token. Streamr DATAcoin (DATA).
At the time of editing, the sign DATA The price is around USD 0.082 per unit, an increase of more than 71% in the past 24 hours.
It should be noted that the token was quoted at around $ 0.049 until 5:00 a.m. (New York time). In just one hour of commercial operation, the value doubled to over $ 0.086 per unit.
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With information from Streamr blog /. Twitter
Angel Di Matteo’s version / DailyBitcoin