Binance CEO Teases Upcoming Cloud Service and Major Developments for 2020

Big Plans from Binance’s Leader

In a recent AMA on February 7, Binance CEO Changpeng Zhao shared exciting tidbits about what’s cooking at one of the world’s largest cryptocurrency exchanges for the year 2020. Spoiler alert: expect some cloud magic, among other innovations!

Unpacking Binance Cloud

While Zhao kept many details under wraps, the buzz around a mysterious new service dubbed Binance Cloud has caught the attention of crypto enthusiasts worldwide. What could it mean for users? The job postings for a Senior Cloud Engineer on the Binance website hint at designs for large-scale, highly available computing systems—so, yes, we’re talking big player vibes here.

This new architecture promises to improve, scale, and automate Binance’s cloud offerings, but until we get the actual unveiling (projected to be in ten days!), specifics remain elusive. Zhao, keeping the intrigue alive, added a GIF of clouds in a tweet post-AMA to fan the flames of speculation.

Other Noteworthy Developments

But hold on, there’s more! Just around the corner, Binance is set to roll out BNB futures with a jaw-dropping 50x leverage on February 10. Think you can handle that kind of ride? The exchange is also broadening its horizons with fiat gateways for exciting currencies such as the Russian Ruble, Norwegian Krone, and Croatian Kuna.

Crypto purchases are already live for users wielding Russian credit cards, which opens the doors for greater accessibility and trading opportunities.

The WazirX Contribution

In addition to all the cloud talk, let’s not forget about WazirX—India’s very own crypto exchange that was scooped up by Binance. Recently, WazirX had a successful Initial Exchange Offering (IEO) for its WRX coin, facilitated through Binance’s launchpad. If that doesn’t scream cross-continental dominance, what does?

The Road Ahead

As Zhao continues to lay down the groundwork for Binance’s cloud ambitions and other innovative projects, one thing is clear: 2020 is shaping up to be a year of transformation and growth for the exchange. Keep your eyes peeled, because it sounds like the future is bright, cloudy, and possibly full of profit!