Binance Jersey Partners with Crypto Platform Caspian for Faster Trades

August 14, 2019
33 Views

Binance’s fiat-to-crypto service for European currencies has partnered with a fast-execution crypto platform.

Binance’s fiat-to-crypto conversion branch for euros and British pounds, Binance Jersey, has entered into a partnership with the crypto investment service Caspian, which provides trading, portfolio and risk management on its platform.

Caspian shared news of the partnership with Cointelegraph on Aug. 14. The partnership will purportedly result in improved security for crypto investors, as well as a lower barrier to entry for the crypto market. The managing director of Caspian Chris Jenkins elaborated:

“I am delighted for us to partner with Binance Jersey, a  substantial step forward in helping move the wide adoption of cryptocurrency trading forward for the institutional market in Europe […] 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 also remarked that he believes Caspian’s technical system for order and execution will speed up trading on their end:

“Our clients can now benefit from faster order execution and additional features including a larger suite of customizable market data and parent-and-child order slicing, to name but a few.”

Binance Jersey

As previously reported by Cointelegraph, Binance created Binance Jersey at the beginning of 2019. At the outset, Binance Jersey planned to launch fiat-to-crypto support for euros and pounds with major cryptos Bitcoin (BTC) and Ether (ETH).

Later in June, Binance Jersey announced that it had issued a proprietary stablecoin backed by the pound. According to Binance chief financial officer Wei Zhou, there has been an increasing awareness of the utility that stablecoins offer, as well as growing use cases for this type of token. These reportedly motivated Binance Jersey to add the stablecoin, as well as to pursue more fiat-pegged stablecoins.

You may be interested

Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’
Crypto News
29 views
Crypto News
29 views

Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

btcethereumadmin - August 17, 2019

On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a…

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
Crypto News
29 views
Crypto News
29 views

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

btcethereumadmin - August 17, 2019

Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing…

Bitcoin Price Analysis: Higher Lows Test Bullish Resolve
Bitcoin Price
22 views
Bitcoin Price
22 views

Bitcoin Price Analysis: Higher Lows Test Bullish Resolve

btcethereumadmin - August 17, 2019

Summary: After a very strong round of selling that dropped the price almost $2,000 in just a couple of days,…

Leave a Comment

Your email address will not be published.