Is Google Planning The Next Big Crypto Trading Platform?

If you are a cryptocurrency trader using blockchain platforms such as Theta Labs, Hedera, Dapper Labs, or other distributed-ledger platforms, you will have surely noticed a lack of performance in node validation, on-chain governance, etc. Well, Google Cloud recently announced they will be deploying a specialized team to help crypto platforms that operate on their cloud services. But, this is not all the news. There are also high possibilities that the digital tech giant will be launching its very own crypto trading platform!

There are a number of blockchain companies that use Google Cloud as their primary platform. Now, they will be supported by what Google is calling the ‘Digital Assets Team’. This will help them scale and expand their services, as well as build a better blockchain ecosystem.

What Services Are In-Store?

With the formation of the new digital assets team, Google Cloud will be able to provide services such as dedicated node hosting, node validation, remote procedures, on-chain governance, etc. Google has also developed a public dataset feature that will be able to provide cryptocurrency trading history to users.  

They want to play an important role in the development of blockchain-based SMEs. Google Cloud is gearing up to become a source of scalable infrastructure. And what is inevitable in the near future is the launch of their crypto trading platform. When this comes to fruition, it will change the crypto trading game altogether as they will be the first big-tech brand to have entered into the segment.

Google is one of those tech brands that have always been able to capture the rising tide of new technology. What they aim to create is a blockchain ecosystem, said Google Cloud vice-president Yolande Piazza. The official statement also shows that they believe in blockchain technology to the fullest, and is committed to helping all users of the Google cloud services to create an environment-friendly trading platform. In the future, they will also be opening up to cryptocurrency-based payment options for users.

Will Google’s Blockchain Platform Wipe Out Smaller Competitors?

Probably not, since the formation of the digital assets team clearly signals they will be catering to other platforms through their cloud services. It is most likely that these platforms will be able to integrate Google Cloud’s crypto trading solutions as well as other blockchain-based services. Since their primary goal in the Crypto segment is to create a better ecosystem, empowering smaller players will always help the cause.

Cryptocurrency has turned into a phenomenon not only in USA and Europe but also across the world and especially in tech hubs such as Southeast Asia. Crypto trading platforms for dedicated regions are popping up worldwide, and it is the perfect time for Google to have deployed its digital assets team.

Blockchain is currently one of the most innovative segments of digital tech, and tech companies who are able to embrace this revolution early on will be able to reap the benefits.