BinanceFinanceWeek
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Binance Pilots Banking Triparty Agreement to Help Institutional Investors to Manage Counterparty Exposure
This first-in-crypto solution replicates traditional finance framework enabling institutions to fulfill risk management obligations by pledging fiat or fiat equivalent trading collateral with banking custodians
DUBAI, UAE, Nov. 30, 2023 /PRNewswire/ -- Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is pleased to announce it has successfully executed the world's first cryptocurrency triparty arrangement with a third party banking partner.
This solution enables institutional investors to keep trading collateral, off-exchange in the custody of a third party banking partner. This is the first in a series of pilot projects initiated by Binance, which is currently the only cryptocurrency exchange offering such a solution.
This arrangement directly tackles the issue of counterparty risk, the primary concern for institutional investors today. It replicates a framework common in traditional financial markets, which enables investors to proportion their crypto-asset allocation based on their risk tolerance. Collateral held with the banking partner can be in the form of fiat equivalent such as Treasury Bills which has the added benefit of being a yielding asset.
Catherine Chen, Head of VIP and Institutional at Binance, said, "Counterparty risk has long been a concern of institutional investors across the industry. Our team of crypto natives and traditional finance professionals has been exploring a banking triparty agreement for more than a year to address their concern. We've developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets' trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating."
#BinanceTrends #BinanceFinanceWeek #Binance
This first-in-crypto solution replicates traditional finance framework enabling institutions to fulfill risk management obligations by pledging fiat or fiat equivalent trading collateral with banking custodians
DUBAI, UAE, Nov. 30, 2023 /PRNewswire/ -- Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is pleased to announce it has successfully executed the world's first cryptocurrency triparty arrangement with a third party banking partner.
This solution enables institutional investors to keep trading collateral, off-exchange in the custody of a third party banking partner. This is the first in a series of pilot projects initiated by Binance, which is currently the only cryptocurrency exchange offering such a solution.
This arrangement directly tackles the issue of counterparty risk, the primary concern for institutional investors today. It replicates a framework common in traditional financial markets, which enables investors to proportion their crypto-asset allocation based on their risk tolerance. Collateral held with the banking partner can be in the form of fiat equivalent such as Treasury Bills which has the added benefit of being a yielding asset.
Catherine Chen, Head of VIP and Institutional at Binance, said, "Counterparty risk has long been a concern of institutional investors across the industry. Our team of crypto natives and traditional finance professionals has been exploring a banking triparty agreement for more than a year to address their concern. We've developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets' trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating."
#BinanceTrends #BinanceFinanceWeek #Binance
500% INCOME BOOST WITH BINANCE GAME: LEARN HOW HERE !
Binance as a trading app/platform has soared past the category expected of such application with its innovative and highly participatory activities in recent times. These actions has encouraged many crypto enthusiast to be creative and flexible with their ideas. You never know which would make the Binance Smart Partnerships Programs!
As a curious crypto enthusiast myself, I have been able to stay up to date with such trends as it helps heighten my trading, finance and creative possibilities, which is why I am hoping to bring to your attention, the newest earning opportunity from the platform. You play a game with $1 worth coins and stand a chance to win $500. We would all accept it is offer like no other!
All the details you need to know about this opportunity has been analyzed by the Author of the quoted post which is the original content. In the flow of information, a wider audience would be reached through social networking and sharing. I hope you delve and understand original post as it sheds more light on the processes involved. I have tried my luck, would you be trying ?
Let me know in the comment section what you think of this game.
PS: It is time limited so hop on the bandwagon before this opportunity fizzles. Good luck Binancers.
Original post and credit by @Mbeyaconcious
#BinanceTournament #USDTUpdate #BinanceFinanceWeek #BinanceTournament #GameRewards
Binance as a trading app/platform has soared past the category expected of such application with its innovative and highly participatory activities in recent times. These actions has encouraged many crypto enthusiast to be creative and flexible with their ideas. You never know which would make the Binance Smart Partnerships Programs!
As a curious crypto enthusiast myself, I have been able to stay up to date with such trends as it helps heighten my trading, finance and creative possibilities, which is why I am hoping to bring to your attention, the newest earning opportunity from the platform. You play a game with $1 worth coins and stand a chance to win $500. We would all accept it is offer like no other!
All the details you need to know about this opportunity has been analyzed by the Author of the quoted post which is the original content. In the flow of information, a wider audience would be reached through social networking and sharing. I hope you delve and understand original post as it sheds more light on the processes involved. I have tried my luck, would you be trying ?
Let me know in the comment section what you think of this game.
PS: It is time limited so hop on the bandwagon before this opportunity fizzles. Good luck Binancers.
Original post and credit by @Mbeyaconcious
#BinanceTournament #USDTUpdate #BinanceFinanceWeek #BinanceTournament #GameRewards
LIVE
Mbeyaconscious
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Binance $1 Game: A Chance to Win $500
Binance, a popular cryptocurrency exchange, is having a game where you can win $500 for just $1.
How to Play
Create a Binance account for free.
Verify your identity to play fairly and securely.
Go to the Binance $1 Game page.
Answer a quick quiz correctly.
Pay $1 to enter the game. You can enter multiple times to increase your chances of winning.
Important Things to Know
The game is only for a limited time, so play now!
Only verified Binance users who answered the quiz correctly can play.
The winner will be chosen randomly from all eligible bids.
The winner will be notified by email and in-app message.
Why You Should Play
You have a chance to win $500 for just $1.
Your $1 entry fee is refundable if you don't win.
You're supporting Binance, a leader in the cryptocurrency world.
Show Your Support
If you found this helpful, please consider tipping me through Binance's tipping feature. Your generosity will help me continue providing high-quality content.
Binance, a popular cryptocurrency exchange, is having a game where you can win $500 for just $1.
How to Play
Create a Binance account for free.
Verify your identity to play fairly and securely.
Go to the Binance $1 Game page.
Answer a quick quiz correctly.
Pay $1 to enter the game. You can enter multiple times to increase your chances of winning.
Important Things to Know
The game is only for a limited time, so play now!
Only verified Binance users who answered the quiz correctly can play.
The winner will be chosen randomly from all eligible bids.
The winner will be notified by email and in-app message.
Why You Should Play
You have a chance to win $500 for just $1.
Your $1 entry fee is refundable if you don't win.
You're supporting Binance, a leader in the cryptocurrency world.
Show Your Support
If you found this helpful, please consider tipping me through Binance's tipping feature. Your generosity will help me continue providing high-quality content.
Everyone Join My Team Binance Grand Tournament..Have A Change Biggest Opportunity..
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Binance's Triumph: Blockchain Evolution at Abu Dhabi Finance Amidst Leadership Reshaping
Binance's Strategic Involvement in Abu Dhabi Finance Week and Executive Transition: A Comprehensive OverviewParticipation in Abu Dhabi Finance WeekBinance, the preeminent global cryptocurrency exchange, has formally affirmed its participation in the upcoming Abu Dhabi Finance Week 2023. This significant event, scheduled from November 27th to 30th at the esteemed ADGM North Plaza, is strategically positioned as a focal point for substantive discussions surrounding the trajectory of Web3 and the evolving landscape of blockchain technology.Abu Dhabi Finance WeekBinance's proactive engagement signals a nuanced recognition of the expansive potential within blockchain technology. The exchange's commitment to cultivating innovative concepts within the cryptocurrency domain underscores its role as a forward-looking entity, poised to shape the industry's trajectory.Binance Finance WeekThis participation not only amplifies the growing influence of the cryptocurrency sector but also accentuates its integral role in instigating transformative changes. Abu Dhabi Finance Week provides Binance with a distinctive platform to interface with industry experts, investors, and enthusiasts in the Middle East, fostering dialogues that encapsulate the latest advancements in the realm of crypto and blockchain.Binance's Impact on Global Crypto ConfidenceBinance's pivotal role in Abu Dhabi Finance Week significantly contributes to fortifying global confidence in the cryptocurrency landscape. The exchange's unwavering commitment to regulatory adherence and transparency harmonizes seamlessly with the evolving perspectives of governments and regulatory bodies. This not only reaffirms the entrenched position of blockchain and cryptocurrencies within the financial landscape but also positions Binance as an advocate for responsible industry practices.In the face of the accelerated expansion of the crypto industry globally, Binance's active participation serves as a testament to its collaborative ethos with regulators and policymakers. This underscores Binance's dedication to navigating within established frameworks, actively contributing to the formulation of regulations that safeguard the security and stability of crypto markets while concurrently fostering an environment conducive to innovation.Binance's Affirmation of Blockchain's Transformative PotentialFurthermore, Binance's participation in Abu Dhabi Finance Week reflects its steadfast belief in the transformative potential of blockchain technology. The exchange endeavors to enlighten stakeholders regarding the broader advantages of blockchain, extending beyond the realm of digital currencies. The showcase of blockchain's applicability in diverse sectors such as supply chain management, healthcare, and finance is positioned prominently on the agenda. Abu Dhabi Finance Week emerges as a strategic platform for Binance to underscore the diverse capabilities of blockchain technology, illustrating its prowess in enhancing transparency, mitigating fraud, and optimizing efficiency across various industries.Leadership Transition: Changpeng Zhao's ResignationIn tandem with these strategic initiatives, the recent resignation of Changpeng Zhao (CZ), the former CEO of Binance, constitutes a noteworthy development. CZ opted to step down following a guilty plea for violating U.S. anti-money laundering laws, culminating in a substantial USD 4.3 billion settlement, which includes a personal payment of USD 50 million.Richard Teng (CEO Binance)In a candid statement, Zhao acknowledged his errors and emphasized the imperative need to shoulder responsibility for them. This decision, as he underscored, has been undertaken in the best interest of the Binance community and the exchange itself. The transition sees Richard Teng, previously the Global Head of Regional Markets at Binance, assuming the role of the new CEO. Teng brings with him a wealth of experience in financial services and regulatory affairs, positioning him strategically to guide the company through its upcoming phase of growth.Conclusion: A Dual Strategic OutlookIn conclusion, Binance's dual narrative, encapsulating its active participation in Abu Dhabi Finance Week and the executive transition post Zhao's resignation, presents a nuanced yet impactful strategic tableau. While the exchange exemplifies responsibility and leadership within the cryptocurrency domain, the leadership transition accentuates the growing significance of accountability and compliance within the cryptocurrency industry. As the events unfold during Abu Dhabi Finance Week, Binance's pivotal role in shaping the future trajectory of the crypto industry is poised to take center stage, fostering enhanced collaboration between the industry and regulatory stakeholders.#BTC #RichardTeng #BinanceFinanceWeek #RichardTeng
SUPER Token Rockets 275% in 7 Days, Lands Special Binance Listing.
Major cryptocurrency exchange rolls out red carpet for SUPER token after 275% explosion.
The SuperVerse token (SUPER) has emerged as a standout in the crypto market this week, showcasing impressive growth of over 275% in less than seven days.
This surge has propelled the SUPER token from $0.12 to $0.51, reaching its highest value since April 2022.
Today, Binance, the world's largest cryptocurrency exchange, has responded to the SUPER momentum by introducing new trading opportunities through perpetual futures contracts. Binance users can now trade SUPER with up to 50 times leverage, enhancing the appeal of the already popular token.
It is worth noting that SUPER has been available for spot trading on Binance since April 2021, initially listed at $2.71 per token.
#SuperVerse #Binancelisting #BinanceSquareAnalysis #BinanceFinanceWeek $BTC $SHIB $PEPE
Major cryptocurrency exchange rolls out red carpet for SUPER token after 275% explosion.
The SuperVerse token (SUPER) has emerged as a standout in the crypto market this week, showcasing impressive growth of over 275% in less than seven days.
This surge has propelled the SUPER token from $0.12 to $0.51, reaching its highest value since April 2022.
Today, Binance, the world's largest cryptocurrency exchange, has responded to the SUPER momentum by introducing new trading opportunities through perpetual futures contracts. Binance users can now trade SUPER with up to 50 times leverage, enhancing the appeal of the already popular token.
It is worth noting that SUPER has been available for spot trading on Binance since April 2021, initially listed at $2.71 per token.
#SuperVerse #Binancelisting #BinanceSquareAnalysis #BinanceFinanceWeek $BTC $SHIB $PEPE
