Place/Date: Vancouver, BC - October 25th, 2019 at 8:08 pm UTC · 2 min read
Contact: Alexey Tretyakov, Head of PR, Source: 3Commas
From now on, Binance cryptocurrency exchange will use 3Commas automation tools to leverage the two leading companies’ respective strengths across the cryptocurrency platform and facilitate transactions. The full functionality of 3Commas will be provided at no charge to all new Binance accounts registered directly from the 3Commas website.
This is the first time in Binance history that an outside service has been entrusted with creating accounts, accepting deposits, and making withdrawals. Until now, all trading automation services were required to send their users to the exchange to perform these operations.
Changpeng Zhao “CZ”, CEO of Binance, announced at Binance Super Meetup held on 21 October in Moscow, Russia:
“Binance has just launched the Broker platform: all the trades are handled by Binance, but the user stays with the broker. 3Commas is one of the first brokers to use that model, and it doesn’t actually cost the user anything.”
Currently, the daily trading volume generated by 3Commas is around $50M, which accounts for about 5-7% of Binance’s volume. Before the launch of the brokerage system, the subscription cost varied from $25 to $100 for the Pro version of the software.
Victor Cucos, Chief Strategy Officer at 3Commas, said:
“We are very excited to use Binance APIs to streamline the overall process of trading automation and make it a vital part of the crypto ecosystem. The broker use of Binance APIs in 3Commas is a major stepping stone towards advancing cryptocurrency throughout the world.”
To qualify for using all professional automation services at no charge, traders must sign up at 3Commas and register a new Binance account directly from the website. The standard Binance trading fees will remain intact.
With a daily trading volume of $50m and 60’000 users worldwide, 3Commas is the biggest trading automation service provider. Through the company’s commitment to excellence and customer care, 3Commas provides fast and secure transactions with the use of the latest technologies.
For more information, please visit 3Commas and social media pages: