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Binance Announces New Developers Platform Binance X to Foster Blockchain Innovation

| Updated
by Bhushan Akolkar · 2 min read
Binance Announces New Developers Platform Binance X to Foster Blockchain Innovation
Photo: Binance Blog

Binance X would majorly focus on helping developers learn and collaborate in the blockchain ecosystem and across Binance’s other native initiatives.

Crypto exchange Binance has unveiled its new platform offering to developers called Binance X. This new developer-driven initiative from Binance focuses on fostering innovation in the blockchain ecosystem.

As per the company announcement, Binance X would majorly focus on helping developers learn and collaborate in the blockchain ecosystem. Moreover, the platform also plans to help developers to engage with its native offerings like Binance Chain. Trust Wallet SDKs, Binance.com APIs, and Binance charity donation platform.

Furthermore, the Binance X platform will also help seamless connection with Binance’s other growth initiatives like Binance Launchpad, Binance Labs Incubation, Binance X Fellowship, etc. In the recent past, Binance has initiated a number of initiatives with new developer-facing products and getting third-party developers to create and improve solutions for the crypto industry.

This is certainly the right time for the company to launch the Binance X platform. Binance is also working on thriving the developer ecosystem which in turn will create products and services pushing the overall growth of the crypto industry. Teck Chia, Head of Binance X said:

“As Binance has evolved into a platform with multiple products and services, we believe it is the right time to systematically foster a developer ecosystem to build innovative products and services on our platform. The Binance X team will help educate, create opportunities for collaborations and jumpstart growth of these projects via the different programs and resources we have at Binance.”

Binance X Resources and Programs

To attain its long-term mission of creating a thriving developer ecosystem, Binance X has created several programs and resources at different stages of the developer community. The Binance X developers will get complete access to different developer resources on the Binance platform.

The Binance X Fellowship program has over 40+ developers and projects which include JP Thorbjornsen of BEPTools, Hammad Tariq of GoBNB, Austin Griffith of Burner Wallet, Nikita Kozlov and Alexandr Safonov of BrowserBNB, among others.

Crypto exchange Binance has recently announced multiple new initiatives for creating a robust ecosystem and services for the crypto industry. The three latest announcements from the company are:

  • Crypto Lending service called Binance Lending allowing its customers to earn 15% interest by lending their crypto holdings.
  • The crypto exchange plans to launch its Futures Trading platform in the next month of September.
  • A new project dubbed Venus to counter the upcoming competition from Facebook’s Libra
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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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