THE DAILY ENCRYPT

October 3, 2022

Institutional Investors Get a New Platform on Binance

Binance is not in crypto winter, as the largest crypto exchange in the world launches an institutional investor platform....
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Photo by Mitchell Luo

Binance is not in crypto winter, as the largest crypto exchange in the world launches an institutional investor platform. Binance is the world’s biggest crypto exchange. It has launched Binance Institutional, which offers a range of trading services for institutions, crypto platforms and family offices. This new suite of services is aimed at high-net-worth individuals, institutional crypto miners, asset mangers, hedge funds, and families.

The platform provides a wide range of services to its high-profile clients, including execution and Over-the-Count (OTC) services like instant crypto pricing and algorithmic trade, asset manager services and a Binary Broker Program that allows enterprise clients to use Binance technology for their own business.

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Binance promises prospective clients in the supporting web pages that it will adhere to strict regulatory compliance in all jurisdictions it operates.

According to the crypto exchange, it also stated that it had “embarked on a journey” to obtain SOC 2 certifications and ISO-27001 certifications. These are basically two sets of standards for auditing, trust, security and compliance.

Binance defies crypto winter
Although it may be a bearish market at the moment, Binance’s competitor exchange Bitcoinbase and crypto lender blockFi may be cutting their workforces by as much as 20%. However, it seems that business is going on at Binance. The exchange is hiring.

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The exchange’s U.S. subsidiary also announced Wednesday that it would eliminate trading fees to customers. Binance.US CEO Brian Shroder said that the move was a chance to “revolutionize how fees are approached in the industry, increase access to crypto, help our market, and customers in times of need.”

Yesterday, Christiano Ronaldo, a Portuguese soccer star, announced a multiyear joint marketing agreement with the exchange. Multiple Ronaldo-themed NFT collections are part of the agreement.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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