🎉Binance has successfully implemented the world's first cryptocurrency tripartite arrangement with a third-party banking partner.

This solution allows institutional investors to store 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 addresses the issue of counterparty risk, which is a major concern for institutional investors today.

Catherine Chen, Head of VIP and Institutional at Binance, said, “to address their concerns. We have developed solutions that ensure our institutional clients can optimize their collateral and cryptocurrency investments , mimicking traditional market trading behavior. We are in in-depth discussions with various banking partners and institutional investors who have also expressed strong interest in participating."

#BinanceTournament #etf #Wormhole #WhaleAlert #BTC

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