Binance to launch platform for institutional clients

The cryptocurrency exchange Binance has announced the launch of Binance Institutional. The trading platform will focus on institutions, family offices, high-net-worth individuals, miners, asset managers and hedge funds.

#Binance is launching #BinanceInstitutional, a new flagship platform for VIP and institutional users, in an effort to upgrade its institutional offerings and services.

Learn more ➡️ https://t.co/rFxjBnaP1b pic.twitter.com/SNV1QY1JpO

— Binance VIP and Institutional (@BinanceVIP) June 23, 2022

The Binance Institutional product line includes:

• margin trading;
• use of OTC platforms;
• algorithmic execution;
• asset-management services;
• staking, savings accounts, yield farming, auto-investing;
• rebate system;
• sub-brokerage;
• account analytics and reporting.

Binance emphasised strict compliance with regulatory requirements in each jurisdiction where the platform operates.

The company plans to obtain SOC 2 and ISO-27001 certifications — a set of standards that build trust, security, compliance and audit.

As noted, in June 2022 the Binance CEO Changpeng Zhao stated that the crypto winter is a suitable time to hire new staff and further develop the business.

In April, Binance’s U.S. unit, in a seed round raised $200 million at a valuation of $4.5 billion. It was reported recently that the firm intends to raise an additional $50 million.

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