- TeraBlock announces its partnership with Binance Cloud.
- The partnership helps solve liquidity and security problems that TeraBlock might face.
TeraBlock, an automated crypto trading platform, announces its partnership with Binance Cloud. Through this, TeraBlock is expected to solve liquidity and security problems that they might face in the future.
It can be recalled, TeraBlock raised a $2.94 million fund from its $TBC Initial Dex Offering (IDO) on BSCPad. This is following their successful funding round of $2.4 million backed by 24 institutional investors.
TeraBlock’s CEO Shivam Tandon shared his excitement saying,
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.
Of note, Binance Cloud is an all-in-one blockchain infrastructure provider for cryptocurrency exchanges to launch quickly. Clearly, this exciting news between TeraBlock and Binance Cloud will bring the best platform for users.
Without a doubt, security is a significant aspect that can make or break a new entrant in the crypto market. TeraBlock made the best decision to join hands with Binance Cloud. In fact, Binance Cloud will handle TeraBlock’s user registration, security & liquidity, and its technology development alongside its maintenance.
According to a survey report by BDC Consulting, 70% of crypto users won’t trade on an exchange that has been hacked in the past. Moreover, it also showed that more than 34% of crypto traders consider liquidity a major factor in choosing an exchange.
Consequently, this is why this announcement between Binance Cloud and TeraBlock is definitely a game-changer. The integration of Binance Cloud will ensure users that they can trade without any worries about lack of liquidity and security issues. More so, this will boost TeraBlock’s efforts to make crypto trading hassle-free for beginners and experienced traders.