Binance Talks about Its Goals and Activities, Focuses on Institutional Capital

Binance Talks about Its Goals and Activities, Focuses on Institutional Capital
фото показано с : blokt.com

2018-11-12 22:59

Binance founder CZ knows that running an exchange is not an easy job. Speaking to CNBC “Crypto Trader” host Ran NeuNer, he talked about getting lucky in an unpredictable market earlier this week. A recent blog post by the exchange is now summing up the latest initiatives by the company and well as their upcoming evolution that would provide a bigger space for institutional investors.

Understanding the Changing Markets

Binance wrote that the maturing blockchain technology is now seeing increased interest from the institutional investors. To begin with, Binance tells the users that it has built a highly secure trading platform that offers both liquidity and reliability to the users. It added:

“Underlying our top-tier trading experience is an industry-leading technological foundation, meaning that even at the highest periods of market activity to date, our service remained strong and steady.”

It is working extensively to improve its processes and developing a comprehensive list of services that its investors, especially those with institutional-level capital will need. Its most recent investment round led by Vertex Ventures is designed to help create a wider list of services, especially a new fiat-to-crypto gateway in Singapore.

Bespoke Service Creation for High-end Investors

The company launched a tiered trading fee discount program in July 2018 to cater to the needs of their corporate account holders. The program successfully sparked interested from more institutional investors.

The exchange has also rehashed its corporate account management processes to handle its institutional clients better. Binance has now allowed customization of its API limits and withdrawal limits and offers greater operational flexibility to the users.

Binance Research, the newest division of the exchange provides institutional grade research reports to the clients. Binance is also providing a more straightforward registration process for larger investors, and the applications are usually catered to within two business days.

The Q4 roadmap of the exchange also includes new tweaks to the core trading experience for the enterprise traders. The exchange said:

“We’re equipping users with a cross-functional set of trading management tools, starting with the release of a much-requested sub-account feature by the end of December.”

The new updates will likely include support for 200 sub-accounts with account and trading activity overviews for each sub-account and no-fee transfers between the sub-accounts.

Binance Talks about Its Goals and Activities, Focuses on Institutional Capital was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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