The integration of TradingView will give Binance users access to a wider range of tools, while exposing Binance products to traditional investors.
Binance spot market trading platform has been Integrated With TradingView, a leading charting platform that provides traders with greater insight into the markets. The news came to light via a press release seen on Thursday, May 18.
Providing better market insights through tools and data
With integration, users of binance They will have access to a wider range of instruments featured on TradingView, allowing them to approach their trades with greater insight into the market and deploy a wider range of strategies in their trades. They will also be able to access TradingView tools through the Binance interface without a secondary login.
Binance previously integrated its derivatives offering with the charting platform, and the latest initiative is a reflection of an ongoing effort to give users of the platform more analytical trading tools, said a press release from the company.
Providing legitimacy to the token among traditional investors
The latest integration will give Binance’s high-liquidity products greater exposure to existing TradingView users, who invest mostly in traditional financial instruments such as stocks, bonds, and commodities. The press release states that the TradingView integration will attract traditional investors who rely on the technical tools provided by TradingView to access opportunities in the cryptocurrency market.
It added that despite traditional skepticism from conservative investors, the availability of advanced charting tools will lend legitimacy to digital asset tokens as investable instruments.
Creating exposure to traditional investors
The availability of Level 1 and Level 2 market data and advanced charting on Tradingview will act as a boost that will help drive growth in the growing cryptocurrency market, said Catherine Chen, Head of VIP and Institutional Divisions at Binance. He added that these tools will increase the confidence of mainstream investors in the crypto industry.
Chen said that these data and analytical tools have been demanded by institutional investors who have shown interest in cryptocurrency investments and with the integration with TradingView, this class of investors will be able to navigate the market with a higher degree of confidence and assurance.
“Users now have the convenience of a single sign-on using TradingView’s interface to trade directly on Binance, the largest and most liquid digital asset exchange,” Chen said.
Binance Futures already supports TradingView
Binance is one of the largest cryptocurrency exchanges and has listed over 350 coins. There are currently 1400 pairs available for trading on its spot market listing and 260 pairs on its futures trading platform. The exchange boasts of high liquidity, depth and low fees.
Last December, Binance announced the integration of its Binance Futures with Tradingview. It also gave users of its Futures platform access to technical analysis tools. The latest Spot Markets integration is a result of the success of the Future Platform integration.
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