Takeprofit Tech Enhances Binance Partnership

Takeprofit Tech, a fintech software provider with offices in Cyprus and Russia, has expanded its existing partnership with Binance. According to a press release shared with Finance Magnates, forex brokers who connect to Binance through Takeprofit Hub will receive some additional functionalities.

Takeprofit Tech first integrated its liquidity hub’s order management system with Binance last September. It allows forex brokers to directly connect to cryptocurrency spot and futures trading platforms.

Under the partnership between the two, Takeprofit Tech institutional clients will receive support from a personal Binance manager during corporate onboarding. Additionally, they will receive VIP status for the first two months regardless of the trading volume and Binance Coin balance.

“We are excited to enhance our partnership with Binance and glad that our technology could facilitate the access of forex businesses to over 1400 Binance trading instruments and diversify their client offerings,” said Valerie Styazhkova, the Head of Takeprofit Cyprus Office. Styazhkova, who has been working with the company since 2019, was promoted to the role last month.

A Trading Technology Provider

Founded in 2013, Takeprofit offers an array of technology solutions like liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term hub, liquidity bridge, virtual dealer and easyMAM. It operates from the offices in Saint Petersburg and Limassol.

Moreover, the company is focused on enhancing its offerings with partnerships within the industry. Last year, the company partnered with at least two online brokers, HyperForex and Orbex, for offering trading technologies. According to the company, it has more than 150 clients globally.

“Connecting to Binance through our hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term gives brokers an opportunity to attract new clients and meet the demand of traders for trading on the world’s largest crypto exchange. It is important for us that our technological solutions bring value and competitive advantages to our customers,” Styazhkova said earlier.