Binance Launches Institutional-Grade Research Unit On Crypto And Blockchain Projects
The world's biggest and most trusted cryptocurrency exchange, Binance launched a new research desk, adding to their vast ecosystem called Binance Research.
The world’s biggest and most trusted cryptocurrency exchange, Binance launched a new research desk, adding to their vast ecosystem called Binance Research.
According to the official release, the Binance Research division is going to work on increasing transparency and providing clear information throughout the cryptocurrency universe by basing their business on expert research reports.
Loom Network and Gochain as first reports
The official Binance website has already added the section dedicated to Binance Research reports and published the first two such articles about Loom Network (LOOM), and Gochain (GO).
As can be seen on the example of the report about the Loom Network, Binance’s research team has really gone deep into the matter, as the 12-pages-long report covers everything about the project.
Key highlights and recent news are only the beginning of the submersion into the world of Loom Network and are followed by the extensive explanation of LOOM’s token distribution and current token holding addresses, roadmap updates, team and technical overview, and in-depth trading data, just to be concluded with a brief reminder of the projects competition on the market.
By the looks of it, these kinds of reports may prove to be very useful for investors as they provide a unique overview of all aspects of the given blockchain-based projects.
Binance is bigger than the exchange
Changpeng Zhao, the CEO of Binance, envisioned his company as far more than a mere provider of the trading platform.
In line with his wishes, and fueled by millions of dollars of monthly revenue, Binance developed various other departments and services, which now function as living parts of its ecosystem.
Earlier this year, Binance Academy was launched, where users can find a wide variety of educational content explaining liquidity, dangers of Ponzi schemes, cryptocurrency mining, cryptojacking, etc.
Furthermore, in October, Binance started their Blockchain Charity Foundation (BCF), which was first utilized to raise donations to help areas of Uganda hit by floods and landslides.
Besides these divisions, Binance supports new and innovative startups through Binance Labs, which serves as a form of incubator for fresh and potentially groundbreaking ideas. The Labs department recently funded a decentralized digital content ecosystem, Contentos, with a multi-million dollar investment.
The adaptable giant
Founded in 2014, Binance is, as mentioned, the biggest cryptocurrency trading platform in the world with a daily volume of around $800 million.
However, not always the life was so great for this cryptocurrency exchange. Originating from China, Binance had to flee the highly overregulated environment for being in danger of getting shut down completely.
The popular CZ migrated his company into crypto-friendly oriented Malta to be able to continue with the development of his business.
Nowadays, Binance is closely collaborating with the Maltese Government, and even struck a partnership deal with the Malta Stock Exchange, through their subsidiary, MSX PLC, in order to develop another trading platform.
Centralized cryptocurrency exchanges have been marked many times as weak links in the crypto business chain, and have been accused of many shortcomings and malpractices.
These include vulnerability to hacks, market manipulation, conspiring to commit fraud (Bitfinex and USDT), and even using customers’ funds for their own benefit (Bitfinex accused of voting for themselves as EOS block producers).
However, no other trading platform has done so much for the cryptocurrency industry as Binance.
The Binance Research department presents yet another positive move from the trading giant, obviously dedicated to improving the overall cryptocurrency multiverse, not just profiting off it.