The TradingView integration will give Binance users access to a wide range of tools while exposing Binance products to traditional investors.
The Binance Spot market trading platform has been integrated with TradingView, a leading charting platform that gives traders greater insight into the markets. The news fell via a press release seen on Thursday, May 18.
Provide better understanding of the market through tools and data
With the integration, Binance users will have access to a wide range of tools featured on TradingView, allowing them to approach their trades with a better understanding of 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 into the charting platform, and the latest move reflects an ongoing effort to give users of the platform more analytical trading tools, a company press release said. .
Giving legitimacy to tokens with traditional investors
The latest integration will give more exposure to Binance’s high-liquidity products to existing TradingView users, who primarily invest in traditional financial instruments such as stocks, bonds, and commodities. The press release states that the integration of TradingView will appeal to traditional investors who rely on the technical tools provided by TradingView to access opportunities in the cryptocurrency market.
He added that the availability of advanced charting tools will lend more legitimacy to digital asset tokens as investment instruments, despite traditional skepticism from conservative investors.
Create exposure to traditional investors
Catherine Chen, who heads Binance’s VIP and Institutional divisions, said the availability of Level 1 and Level 2 market data and advanced charts in Tradingview will act as a boost that will help drive development in the market. growing cryptocurrencies. She added that these tools will engender the confidence of traditional investors in the crypto industry.
Chen said that institutional investors who have shown interest in cryptocurrency investments have been asking for this data and analytical tools and with integration 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 sign-on to use 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 tokens. There are currently 1400 pairs available for trading on its spot market list and 260 pairs available on its futures trading platform. The exchange offers high liquidity, depth and low fees.
Last December, Binance announced the integration of its Binance Futures with Tradingview. It gave users of its futures platform access to technical analysis tools. The latest spot market integration is the result of the successful futures platform integration.