Binance X Platform Launched to Drive Mass Cryptocurrency Adoption

Neil Dennis

Top cryptocurrency exchange Binance has announced the launch of a platform it hopes will bring greater public engagement with cryptocurrencies and the distributed ledger technology that underpins them.

Binance X, as the offering is called, is a platform for developers that will help them learn about and communicate with the blockchain ecosystem that powers several of the companies application programs.

Speaking to The Block, Teck Chia, head of Binance X, said:

The long-term goal of Binance X is to foster a thriving developer ecosystem that innovates on products and services that would advance the crypto ecosystem and contribute to crypto adoption.

Fellowship Program

Launched ahead of the platform, the Binance X Fellowship Program has attracted more than 40 developers who will work on projects such as the development of a Bloomberg-style trading platform for "serious manual traders". 

Chia said that he hoped the Binance X platform would "spawn creative and innovative projects from third-party developers that will help crypto gain mass adoption".

Binance is on a roll with new developments. On Wednesday chief executive Changpeng Zhao announced the company would be launching a futures trading platform in September.