Changelly is a major player in the cryptocurrency world, which is due to their instant transactions that go between multiple types of currency. There are hundreds of coins and tokens listed with their brand, and their partnership with Binance significantly expands it.

The announcement was made on April 24th, 2018 that the two would pair up, which was posted on Twitter by Konstantin Gladych, the CEO of Changelly. The CEO of Binance, Changpeng Zhao, stated that their meeting with Changelly made them feel more “confident” in the potential of their team. Changelly’s platform is what makes the partnership user-friendly, though the direct transactions will impact both companies.

As Changelly and Binance collaborate, consumers will get the benefit of the API and cryptocurrency rates of Binance, which appears to be more cost effective. This is not the first company that Changelly has extended their services to; the platform also gives consumers access to Jaxx, Coinmarketcap, Breadwallet, Coinomi, Mycelium and Coinpayments.

Investors that work on the Binance platform already will still keep their low rates, but the big difference will be the speed at which consumers can now transact. By becoming a part of Changelly’s efforts, Binance contributors will also have access to the other companies that Changelly partners with.

According to the statistics, Binance transacts the fastest and processes over 1,000,000 orders every single second, which is why they need the speed that Changelly provides. Even with so many benefits for Binance, Gladych states, “This partnership is a huge honor for Changelly: I am sure that it will help us provide even higher-quality service to our users around the world and increase our presence on the crypto market. The top exchange trusts us to have business with — this gives us confidence in what we do, and also responsibility to ensure five-star user experience. We are up for the challenge!”

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