Brave, the internet browser powered by blockchain technology, has collaborated with Binance, the major crypto exchange, to build a trading platform on its new page. Brave brings blockchain technology into play to trace the activities of its user. The browser also has its own token (BAT). The initiative will allow Brave’s 13 million active users to trade crypto without leaving the browser. This is a major win for Binance.
On March 24, Brave proclaimed that it had merged the Binance widget in the new tab page to permit immediate entree to Binance orderbooks. Employing new features, consumers can check their balance, receive deposit addresses, and trade crypto from the browser tab.
The firm stated during a press release:
“Additionally, the Binance widget is built into Brave and is not a loaded iframe (remotely embedded document), which preserves the user’s privacy. API calls will only be made into Binance if the user authenticates via OAuth and interacts with the widget.”
Protected Approach to Purchase Cryptos
The Binance Widget will emerge first on Brave’s Nightly desktop version. Though, the widget is still under development.
While the initial version of the widget will be only on the night view on a new tab, the service will be extended to various options. The full version of Binance Widget will appear in April.
Binance CEO, Changpeng Zhao, said:
“The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.”
The prime focus is to protect users’ privacy. It utilizes Binance’s API to provide a safe ecosystem. Existing Binance accounts will be used to access the Binance widget. US users can also enjoy the new feature as Brave looks to collaborate with Binance.US as-well. Several local associates of Binance will be open to Brave consumers around the globe.
Binance’s advanced features won’t be available as Brave widget primarily focuses on spot trading access. Through the widget, users can enjoy all the trading pairs available on the localized Binance platform. This move will expand access to Binance’s services to a massive user base that well exceeds the monthly active users of the exchange. What needs to be seen is whether other exchanges will follow suit and partner with Brave to offer their own widgets to the browser’s users.