World largest exchange by trading volume, Binance, has launched Binance Wealth, a new product exclusively for wealth managers.
In an announcement on October 29, the exchange disclosed that the new solution will enable the institutional clients to onboard their clients directly on to Binance, allowing high networth individuals to access several digital assets.
According to the exchange, the wealth managers would be responsible for the registering their clients by creating subaccounts and submit the know-your-customer or know-your-business (KYC/KYB) documentations for each client. Once onboarded to Binance, each client will have full control of their investments while getting recommendations from their wealth managers.