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

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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
https://www.globenewswire.com/news-release/2019/08/14/1901871/0/en/Caspian-announces-partnership-with-fiat-to-crypto-exchange-Binance-Jersey.html

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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.

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