Popular instant cryptocurrency exchange Changelly has announced a strategic partnership with the world's top trading platform Binance, aiming to offer users faster transaction speeds, better rates, and access to more tokens. The agreement was finalized during a face-to-face meeting between CEOs in Valletta, Malta.
High-Level Endorsements
Changelly CEO Konstantin Gladych and Binance CEO Changpeng Zhao (CZ) discussed fundamental industry issues, government regulations, and then sealed the partnership. CZ commented: “After meeting Konstantin in person, I am confident that Changelly has a professional team with great experience and even bigger potential. Together we will provide users all over the world with a top-class level of service.” Gladych added: “This partnership is a huge honor for Changelly. It will help us provide even higher-quality service and increase our presence on the crypto market.”
How the Partnership Works
Changelly acts as a broker between Binance and end users, allowing seamless exchanges without the complexity of professional trading platforms. Its integrated algorithm pulls real-time rates from Binance and offers them to users. Additionally, Changelly provides an instant exchange API to partners such as Jaxx, Coinmarketcap, Breadwallet, Coinomi, Mycelium, and Coinpayments, enabling their users to trade without leaving third-party wallets. This deal will let Changelly add nearly all of Binance's ~120 listed tokens and trading pairs to its service.
Binance's high-performance matching engine can process up to 1,400,000 orders per second, making it one of the fastest exchanges on the market. As a result, Changelly users will benefit from accelerated transaction times. Changelly currently processes around 15,000 transactions daily and has attracted over 2 million registered customers worldwide since its launch in 2015. It supports more than 100 coins and offers an API and customizable payment widget for crypto services.
About the Companies
Founded by a team of fintech and crypto experts, Binance focuses on security, robustness, and execution speed, employing a multi-tier and multi-cluster system architecture. Changelly operates as an instant exchange broker with a strong partner network, aiming to simplify crypto trading for both novice and professional users.