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Binance Is Making Trading Automation Free with the Help of 3Commas Service

A solid step in the cryptocurrency industry with 3Commas trading automation technology and Binance’s intelligent APIs

From now on, Binance cryptocurrency exchange will use 3Commas automation tools to leverage the two leading companies’ respective strengths across the cryptocurrency platform and facilitate transactions. The full functionality of 3Commas will be provided at no charge to all new Binance accounts registered directly from the 3Commas website.

This is the first time in Binance history that an outside service has been entrusted with creating accounts, accepting deposits, and making withdrawals. Until now, all trading automation services were required to send their users to the exchange to perform these operations.

“Binance has just launched the Broker platform: all the trades are handled by Binance, but the user stays with the broker. 3Commas is one of the first brokers to use that model, and it doesn’t actually cost the user anything” – announced Changpeng Zhao “CZ”, CEO of Binance, at Binance Super Meetup held on 21 October in Moscow, Russia.

Currently, the daily trading volume generated by 3Commas is around $50M, which accounts for about 5-7% of Binance’s volume. Before the launch of the brokerage system, the subscription cost varied from $25 to $100 for the Pro version of the software.

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NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.