Exchange giant Binance have announced a new research division with the aim of bringing greater transparency to the industry.
The new division continues Binance's plan to have exchanges and crypto-related businesses across five of the world’s continents. Binance Research will be the third educational initiative to be launched by the exchange.
Launching the Binance Research Analyst Division
The announcement that Binance is creating their own analyst division was revealed yesterday (Nov 8), with the goal of performing “institutional grade” research reports.
The Binance Research group has already been active, releasing two reports looking at the Loom Network,a project that is examining solutions to Ethereum scalability. The second report is in regards to a scalable decentralized crypto called Gochain. Another report is currently in the works pertaining to the Pundi hardware and software platform that facilitates seamless crypto payments.
Binance Global Exposure
Binance Research is another phase in the crypto exchange’s plans to diversify their business operations across the globe. In September, Binance CEO Changpeng Zhao revealed that Binance would be expanding their operations by launching five to ten exchanges across five continents.
In August, Binance also announced a collaboration with the Liechtenstein Cryptoassets Exchange to launch a new fiat-to-crypto exchange in the country. Less than a month later, Binance announced it would be moving into Africa by setting up Binance Uganda, seeing an impressive 40,000 sign-ups in the first week.