Business

Binance Launches Yet Another Service on Their Platform – Binance Research

It seems that the CEO of Binance, Changpeng Zhao, envisioned his company as far more than a mere cryptocurrency exchange, and his vision is coming true step by step.

Last week, this biggest cryptocurrency exchange in the world announced on their official website that they are launching a new service on their vast ecosystem focused on the analysis of various blockchain-based projects, called Binance Research.

According to the mentioned announcement, Binance Research is going to provide clear information to cryptocurrency enthusiasts by basing their publications on expert research reports.

First reports are already online

Binance Research already started posting their high-quality analysis, with the first two being about the Look Network (LOOM) and Gochain (Go).

These reports are, basically, in-depth dissections of the system behind, and everything in front of the blockchain project.

Looking at the piece about LOOM, we can see that this 12-pages-long document covers everything from key highlights and recent news, across token distribution and current token holding addresses, roadmap updates, team and technical overview; to trading data and platform’s competition on the market.

Not the first addition to the exchange

Binance Research is a noteworthy attempt to bring more trustworthy information to the global market, but it is far from the only one in the Binance’s ecosystem.

Earlier this year, popular CZ unveiled that his company is starting an educational platform on their official website, called Binance Academy, whose aim is to educate crypto and blockchain enthusiasts so they could make more educated decisions while trading and investing.

Therefore, everyone interested can read all about the history of the blockchain, mining, Ponzi schemes, cryptojacking, liquidity, and many more exciting and crucial topics.

Furthermore, Binance founded the first Blockchain Charity Foundation (BCF), whose primary aim was to help the victims of floods and landslides in Uganda and had also raised $410,000 to help those hit by the West Japan flood disaster.

It is also a known fact that another department of the company, Binance Labs, serves as an incubator for startups, and helps those businesses develop by funding their projects.

Pathway for others

It is not a secret that Changpeng Zhao and his organization profit nicely from cryptocurrency trading on their platform, but so do other exchanges.

The main difference is that Binance is giving something back to the community through all this additional related content.

It seems that, as a true visionary, CZ realized that his company will have nothing but benefit from the healthy market, as the more they contribute, the more they will get in return.

If other similar powerful organizations would contribute as much as Binance, the number of people rushing into “scammy” projects would seriously reduce, which would, just maybe, force governments around the world to look more favorably on the cryptocurrency business in general.

And that, we’ll agree, would be beneficial for everybody.

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Luka Kapetanic

An ex-restaurant business owner turned cryptocurrency fanatic, with over 12,000 followers on investfeed.com. Miner, Investor, trader and, above everything else - a writer, with coinlive.io, and cryptodigest.com in his jobs portfolio.

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