Binance Jersey Enters into a Partnership With Crypto Platform ‘Caspian’ to Enhance Trading Speeds
- According to Wei Zhou, the CFO of Binance, his firm is currently looking to explore the stablecoins and what these digital offerings really bring to the table.
- By partnering with one another, both Binance and Caspian are looking to spur the rate of crypto adoption across the globe.
As per an all new press release issued by the folks over at Caspian late yesterday evening, the crypto trading platform has formally signed an agreement with Binance’s fiat-to-crypto conversion wing — Binance Jersey.
It is being said that this latest partnership will help in improved security for crypto investors using the two platforms, as well make it easier for casual crypto enthusiasts to enter the market.
In regards to this entire development, Caspian’s managing director, Chris Jenkins pointed out that by coming together with an established firm like Binance, his company was looking to help provide more impetus to the crypto adoption movement that seems to be gaining traction all over the globe.
“As increasing numbers of institutions engage in this emerging sector, there is an increasing need for a reliable fiat-to-crypto exchange.”
Binance Jersey CEO Jon Day recently said in an interview that by making use of Caspian’s existing digital capabilities, Binance will be able to optimize its order and execution capabilities.
Additionally, the partnership will help foster a larger suite of customizable market data and parent-and-child order slicing.
Binance Jersey came into existence at the start of this year — primarily as an effort by Binance to launch a platform that can help in the seamless exchange of fiat and crypto assets via the use of euros and pounds.