Binance, the world’s biggest crypto exchange, has launched a new institutional platform that brings an entirely new world of trading for institutions, crypto platforms, family offices, high net worth individuals, crypto miners, asset managers, and hedge funds.
Binance offers a plethora of services
According to the data revealed, the crypto exchange will offer a number of services to these clients which will include execution and over-the-counter (OTC) services–like instant crypto pricing and algorithmic trading, asset management services, and a Binance Broker Program. This will help enterprises to use the technology provided by the exchange for their own businesses.
#Binance is launching #BinanceInstitutional, a new flagship platform for VIP and institutional users, in an effort to upgrade its institutional offerings and services.
Learn more ➡️ https://t.co/rFxjBnaP1b pic.twitter.com/SNV1QY1JpO
— Binance VIP and Institutional (@BinanceVIP) June 23, 2022
Additionally, Binance also promised that it will be complying with regulatory authorities and implement strict policies for the same in every jurisdiction it operates under. As per the exchange, it has “embarked” on a “journey” to obtain SOC 2 and ISO-27001 certifications which are standards that ensure trust, security, compliance, and auditing.
Crypto winter
Interestingly, while the entire marketing is witnessing a crypto winter recently, Binance continues to make headlines with new hirings and zero layoffs. The exchange has also launched a new service in a bearish market for institutions when said firms would like to stay away from a volatile market.
Recently, Coinbase suspended its Coinbase Pro service and plans to bring every service under one roof. On the other hand, the exchange laid off a significant number of employees. Other firms like BlockFi, Crypto.com, and Gemini also confirmed that they have been laying off employees.
