One of the most prevalent issues that new cryptocurrency exchanges suffer from is a lack of liquidity and compromised security. In fact, many new cryptocurrency exchanges start losing customersas soon as their users realize that there is a lack of liquidity on the platform. On top of that, incidents of security breaches can also play a spoilsport. For that end, TeraBlock, an upcoming automated crypto trading platform, has already found a robust solution.
TeraBlock has partnered with Binance Cloud, a blockchain infrastructure provider for cryptocurrency exchanges, to solve the liquidity and security problems they would have faced otherwise. While discussing the exciting news about the partnership between TeraBlock & Binance Cloud, CEO of TeraBlock Shivam Tandon, said:
“After announcing the successful completion of our recently conducted IDO on BSCPAD, our users will benefit directly from the Binance Cloud partnership. The upcoming TeraBlock exchange, powered by Binance Cloud, enables our users to experience the better trading depth, security, and transaction speed.”
Security – A Crucial Factor for Crypto Users
As aforementioned, security is another aspect that can make or break a new entrant in the crypto exchange market. A survey report by BDC Consulting mentions that 70% of crypto users won’t trade on an exchange that has been hacked in the past. It also disclosed that over 34% of crypto traders consider liquidity a major factor while choosing a crypto exchange, whereas over 15% of crypto traders consider trading volume a key factor.
That is why the partnership with Binance Cloud is a game-changer for TeraBlock. Under their partnership deal, not only will Binance Cloud handle the user registration, security & liquidity, as well as exchange technology development and maintenance for TeraBlock, but they will also strengthen the security on the TeraBlock platform. Thus, TeraBlock users can trade crypto assets without any worries about lack of liquidity and security issues round the clock.
Overall, the news about TeraBlock and Binance Cloud teaming up is boon for crypto newbies who plan to utilize TeraBlock’s platform. It will boost TeraBlock’s efforts to make crypto trading hassle-free for both newbies and experienced traders. After all, now TeraBlock can focus exclusively on business development and operations.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
