From Rivals To Ally: Changelly Partners Up With Its Major Competitor Binance


top cryptocurrency trading platform
top cryptocurrency trading platform

From Rivals To Ally: Changelly Partners Up With Its Major Competitor Binance

The instant cryptocurrency exchange service provider, Changelly has come into a partnership with the top cryptocurrency trading platform, Binance. This move will help the 2 million registered users of Changelly with better rates and faster transactions while offering increased liquidity to Binance.

Instant crypto exchange Changelly partners with top cryptocurrency trading platform Binance

Changelly, an instant cryptocurrency exchange has partnered with Binance which is the top cryptocurrency trading platform in order to provide its cryptocurrency users with a bigger range of tokens, better rates that are offered by Binance and faster transactions.

Konstantin Gladych, the CEO of Changelly met the CEO of Binance in Malta, which is the new operation base of the exchange. Changelly announced the partnership on the Medium and shared the points discussed in the meeting including government regulations and fundamental industry issues.

Gladych shared his excitement about the partnership by commenting:

“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 a responsibility to ensure five-star user experience. We are up for the challenge!”

Changelly enables its users to instantly buy over 100 of altcoins by using a bank card and exchange of tokens and coins as well. The exchange also offers its API feed along with a payment widget that makes for faster and seamless transactions.

Binance’s CEO, Changpeng Zhao aka CZ commented on the partnership with:

“After meeting Konstantin in person to finalize our partnership, I am confident that Changelly has a professional team with great experience and even bigger potential. We believe that together we will provide users all over the world with a top-class level of service.”

Also, read: Cambridge Analytica Was Involved With A Gangster Connected Crypto Firm

A mutually beneficial partnership to serve crypto investors the best

Since its inception in 2015, Changelly has gained over 2 million registered customers and processes about 15k transactions on a daily basis. The exchange has also partnered with other crypto platforms like Bittrex, Coinmarketcap, Coinomi, Jaxx, and Breadwallet that helps in increasing their market share.

When it comes to Binance, the exchange boasts of 1.4 million orders processing per second which is a not an easy feat given the current market condition where competition is high. Being one of the major exchanges in the market, Binance is a huge competition for Changelly where this partnership opens up a series of opportunities for Changelly in terms of more trading pairs and faster transactions.

While Binance is the leading player in the crypto market, this partnership would bring extra liquidity from someone that has a turnover of about 60,000 BTC and more than 2 million customers. This partnership is a win-win situation for both the exchanges as the focus is on long-term benefits.

Do you think partnerships between top cryptocurrency trading platform Binance and Changelly will ultimately help the crypto users and community?

Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: Casper Brown

I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.

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Casper Brown 173 Articles

I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.

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