{"id":83657,"date":"2023-08-28T14:59:00","date_gmt":"2023-08-28T11:59:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83657"},"modified":"2025-09-12T12:31:23","modified_gmt":"2025-09-12T09:31:23","slug":"binance-integrates-mirrorx-otc-solution-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-integrates-mirrorx-otc-solution-for-institutional-clients\/","title":{"rendered":"Binance integrates MirrorX OTC solution for institutional clients"},"content":{"rendered":"<p>Binance <a href=\"https:\/\/www.binance.com\/en\/blog\/vip\/keep-your-institutional-assets-in-thirdparty-custody-when-trading-on-binance-with-mirrorx-7578047330993855911?ref=AZTKZ9XS\">integrated<\/a> MirrorX solution for <span data-descr=\"OTC\" class=\"old_tooltip\">OTC<\/span>-settlements, launched by the partner custodian Ceffu.<\/p>\n<p>The initiative aims to meet the needs of VIP and institutional clients for an off-platform digital asset custody service when executing trades.<\/p>\n<p>MirrorX provides secure access to Binance without the need to move crypto assets from the Ceffu custody platform.<\/p>\n<p>Settlements are conducted on a T+1 basis.<\/p>\n<p>The solution enables clients to instantly mirror digital assets to a 1:1 basis on a sub-account on the exchange, under a custodian sub-account on the trading venue operated by the partner.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-567.webp\" alt=\"image-567\" class=\"wp-image-214506\"\/><figcaption class=\"wp-element-caption\">Data: Binance, Ceffu.<\/figcaption><\/figure>\n<\/div>\n<p>The agreement provides VIP and institutional clients with guarantees that their assets remain segregated.<\/p>\n<p>Earlier, 88% of Binance institutional users <a href=\"https:\/\/forklog.com\/en\/news\/binance-vip-clients-see-favorable-long-term-prospects-for-crypto-investments\">positively assessed<\/a> the long-term prospects for cryptocurrencies.<\/p>\n<p>Earlier in May, the exchange <a href=\"https:\/\/forklog.com\/en\/news\/binance-launches-capital-connect-platform-for-vip-clients\">launched<\/a> the Capital Connect service to facilitate connections between its VIP clients and investment fund managers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance integrated MirrorX for OTC settlements, launched by the custodian partner Ceffu. The initiative aims to meet VIP and institutional clients\u2019 needs for an off-platform custody service when trading. MirrorX provides secure access to Binance without moving assets from the Ceffu custody platform. Settlements occur on a T+1 basis. The solution allows clients to mirror assets on a 1:1 basis to a sub-account on the exchange.<\/p>\n","protected":false},"author":1,"featured_media":83658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,1156,1157],"class_list":["post-83657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-institutional-investors-and-whales","tag-storage"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83657"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83657\/revisions"}],"predecessor-version":[{"id":83659,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83657\/revisions\/83659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83658"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}