The TradingView integration will give Binance users access to a wide range of tools while showcasing Binance products to traditional investors.
The Binance Spot Market trading platform was as well compact With TradingView, a leading charting platform that offers traders insight into the markets. The news broke via a press release at noon on Thursday, May 18th.
Provide deeper insight into the market through tools and data
With the integration, Binance users will have access to a wide range of tools offered on TradingView, enabling them to approach their trades with greater market insight and deploy a wide range of strategies in their trades. They will also be able to access TradingView tools via the Binance interface without the need for a secondary login.
A press release from the company said that the Binance platform had previously integrated its derivatives offering with a charting platform, and the latest initiative is a reflection of its ongoing efforts to give platform users more analytical trading tools.
Legalization of tokens among traditional investors
The latest integration will give more exposure to Binance’s highly liquid products to existing TradingView users, who mostly invest in traditional financial instruments such as stocks, bonds, and commodities. The press release stated that the TradingView integration will appeal to traditional investors who rely on the technical tools provided by TradingView to access opportunities in the cryptocurrency market.
She added that the availability of advanced charting tools will further legitimize digital asset tokens as investable tools, despite the traditional skepticism of conservative investors.
Create exposure for traditional investors
The availability of Level 1 and Level 2 market data and advanced charts in Tradingview will be a boost that will help drive development in the growing cryptocurrency market, said Catherine Chen, who heads the VIP and Institutional Division at Binance. She added that these tools will generate the confidence of major investors in the cryptocurrency industry.
Chen said that institutional investors who have shown interest in investing in cryptocurrencies have requested this data and analytical tools and that by integrating with TradingView, this class of investors will be able to navigate the market with a higher sense of confidence and assurance.
“Users now have the convenience of a single login to use the TradingView 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 more than 350 tokens. There are currently 1,400 pairs available for trading on the spot market list and 260 pairs available on the futures trading platform. The exchange is characterized by high liquidity, depth and low fees.
Last December, Binance announced the merger of Binance Futures with Tradingview. It has given users of its futures platform access to technical analysis tools. The latest spot market integration is the result of a successful futures platform integration.
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