Cryptocurrency exchange, Binance will soon initiate a new product called Binance Cloud.

CEO of Binance, Changpeng Zhao disclosed this in an ask-me-anything (AMA) on Twitter a question and answer session.

Even though Zhao was unwilling to divulge information about the new service, he said it will likely be officially announced on February 17.

“We are hoping Binance will be like a platform and an infrastructure provider,” he explained in the AMA.

The new cloud system is an element of its “open platform initiative”.

Additional aspects of the initiative comprise its peer to peer merchant program and its brokerage service.

Binance wanting cloud engineers

Zhao didn’t say much further, but Binance is already advertising for the job of a “Senior Engineer”.

This Senior Cloud Engineer will work on a large scale, vast parallel and highly available compute [sic] systems on the advanced computing platform.

The computing platform is being built by Binance’s Cloud Engineering and Architecture team.

Zhao prompted more presumptions when he tweeted a GIF of a cloud.

Also, the official Twitter account for Binance tweeted an emoji of a cloud on Friday.

Binance’s new offering could fit cloud products given by rivals like Huobi’s Huobi Cloud, in part a white label crypto exchange service.

It enables companies to create their own exchange in return for a cut of the profits.

About Binance

Binance is a blockchain ecosystem constituted of several parts to serve the greater mission of blockchain advancement and the freedom of money.

Binance Exchange is the leading global cryptocurrency exchange by trading volume, with its users from over 180 countries and regions.

The Binance ecosystem is also constituted of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser).