On October 29th, Binance announced the launch of Binance Wealth, the first cryptocurrency exchange technology solution aimed at wealth managers. Binance Wealth allows wealth managers to supervise the process guidance of their new clients and provide investment advice, giving their new clients strong support while retaining complete control, similar to traditional wealth management.
Binance Wealth was designed by Binance's globally leading team of cryptocurrency and traditional financial experts, greatly reducing the entry barriers for wealth managers and their high net worth clients seeking to invest in cryptocurrency assets. Catherine Chen, head of Binance VIP and institutions, said: "As global investors recognize the potential of cryptocurrency assets, we are responding to the demands of wealth managers and their clients, seeking a more relaxed solution to access cryptocurrency. Unlocking capital inflows is the key to making cryptocurrency assets mainstream, but for a long time, the private wealth sector has lacked traditional infrastructure for accessing cryptocurrency. Binance Wealth will lower the entry barriers for more market participants to enter this new asset class and help bridge the gap between cryptocurrency and traditional finance."