Home » Binance Jersey gets into partnership with Crypto platform Caspian to increase trade volume in Europe

Binance Jersey gets into partnership with Crypto platform Caspian to increase trade volume in Europe


Binance Jersey, a Fiat-to-crypto exchange, has partnered with Caspian, as per the news that emerged on Aug. 14.

Caspian —  a Galaxy Capital-backed institutional trading and portfolio management platform — revealed the existence of a partnership, stating that it will aid improve crypto investors’ security and a lower entry barrier for the crypto market.

Chris Jenkins, Caspian’s managing director, made the following elaborations:

“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.”

Also, Jon Day — Binance Jersey CEO — stated that he believes the order and execution technical system at Caspian will make trading go faster:

“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.”

Motivation behind Binance Jersey

At the beginning of 2019, Binance formed Binance Jersey to initially launch fiat-to-crypto support for pounds and euros with major cryptocurrencies such as Bitcoin and Ether.

Wei Zhou, —  Binance chief financial officer, —  stated later in June that the growing use cases for stablecoins as well as the increase in of utility awareness that stablecoins offer led to the issuance of a pound-backed proprietary stablecoin. As a result, Binance Jersey was reportedly motivated to continue pursuing more fiat-pegged stablecoins and add them.

Sources: https://cointelegraph.com/news/binance-jersey-partners-with-crypto-platform-caspian-for-faster-trades


About the author

James Lovett

James Lovett

James is a passionate writer on cryptocurrency industry and other disruptive technologies in the crypto world. He has written several crypto articles for numerous websites and blogs over the years.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.