ICYMI: Binance launches institutional platform for ‘VIP’ users
The new product offers professional investors services like over-the-counter services and a broker program.
In an effort to expand its institutional offerings, Binance is launching a new platform for"VIP" users. Dubbed Binance institutional, the new product includes over-the-counter services, asset management and custody services, a broker program and a liquidity program, the company said in an announcement Thursday.. The company didn't disclose many details about how the new platform works internally.
Binance institutional is targeted at a wide array of institutional investors including asset managers, hedge funds, liquidity providers, miners and high-net-worth individuals, the company said. Despite the bear market, Binance has kept expanding on a number of fronts lately. While many firms have recently announced layoffs, Binance is seemingly charging ahead in the opposite direction, even announcing recently that it was
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