Binance Institutional is the new platform Binance launched last Thursday, June 23. This new feature the global cryptocurrency exchange introduced is for institutional cryptocurrency investors and VIPs or high-net-worth customers.
We find it highly interesting to learn about this report regarding the unveiling of Binance Institutional. We think our readers who are virtual currency aficionados seeking to be updated with the latest in the cryptocurrency space will also be interested in this news.
According to the report posted online by cryptocurrency news website Bitcoin News, Binance has rolled out Binance Institutional as a new platform for all types of institutional cryptocurrency investors and VIPs.
These firms this facility will serve consist of family offices, asset managers, hedge funds, proprietary trading firms, and brokers. Additionally, Binance Institutional will cater to high-net-worth individuals, liquidity providers, and mining companies.
Binance’s new platform offers various services. Among them are direct access to brokerage, custody, over-the-counter or OTC liquidity, algorithmic trading, and asset management.
Moreover, Binance Institutional’s broker program will serve firms seeking to use Binance’s cryptocurrency exchange. The VIP program lets Binance clients get rewarded with more discounts and exclusive privileges while their trading volume ascends the VIP tiers.
The VIP privileges comprise higher 24-hour withdrawal limits and fee discounts. Binance Institutional’s unveiling is a component of the world’s biggest cryptocurrency exchange’s efforts to upgrade its institutional services and offerings.
Changpeng Zhao commented on the launch of his cryptocurrency exchange’s new platform for VIPs and institutional cryptocurrency investors.
He remarked that brokerage offerings are well-positioned to aid the virtual asset industry in driving continued digital asset growth and bridging some of the gaps between the traditional financial and cryptocurrency markets.
We are glad to learn about Binance Institutional’s rollout last week. We believe Binance’s new platform for VIPs and institutional cryptocurrency investors will aid the world’s top cryptocurrency exchange in its expansion initiatives.
Furthermore, we think many institutional investors and high-net-worth individuals will benefit from the new platform’s specialized services. We are happy to learn about Mr. Changpeng Zhao’s positive approach to the latest cryptocurrency market meltdown.
With Binance Institutional’s launch, we gathered that he had shrugged off the virtual currency market bloodbath and tweeted last week that he is the most bullish during bear markets.
We also learned that Mr. Zhao had earlier pointed out that Binance would leverage the “cryptocurrency winter” and use it to the maximum.
Binance will also recruit over 2,000 positions amid the widespread retrenchments in the cryptocurrency industry, with rival cryptocurrency exchanges BlockFi slashing its workforce and Coinbase implementing a recruitment freeze lately.
We think the upbeat spirit of Binance Institutional’s pioneer will propel the virtual currency exchange Binance and this new platform forward despite the cryptocurrency market crash and other impediments.