Déjà-vu: Binance wants to attract institutional investors

Binance again and again. As the Bitcoin exchange announced, the company plans to increase its attractiveness for institutional investors. To that end, the company announces a number of improvements to its trading platform.
Source: Binance

Meanwhile, institutional investors serve as a projection screen for the long-awaited bull market. Improving the infrastructure for professional investors could finally make sure that all the big money on the sidelines finally flows into the crypto market. Then, according to the story, the next all-time high is just a formality. Friends of this narrative should be in the announcement whether the preparations of Binance so sit up.

Because as the company informs, the Bitcoin Exchange No. 1 creates the conditions for the inflow of large amounts of liquid funds.

The Rubicon is exceeded

The company has taken a number of measures for this. First, Binance wants to facilitate the registration of corporate accounts on the Bitcoin exchange. According to the press release, institutions will be able to apply for an unbureaucratic upgrade of their user account in the future. Once this is done, investors can look forward to an increase in the daily call-off limit to 100 BTC.

In addition, the Exchange promotes the early introduction of sub-accounts. This means that users will be allowed to have up to 200 more accounts with Binance in the near future. Account movements within these accounts are reported to be free of charge.

Visit Binance: www.binance.com

The Top Dog Binance

Binance is the largest crypto exchange in the world. According to the latest CryptoCompare Exchange Review, the average daily trading volume is $ 977 million. Nevertheless, the Malta-based company continues to work diligently to expand its market power. As BTC-ECHO reported, the Exchange recently opened an offshoot in Uganda. Coupled with news of the launch of Binance Research, this only suggests that the stock market is on an expansion path.

However, the exchange is by no means the only company that wants to inspire institutional investors for the crypto market. BTC-ECHO has been following the increasing professionalization of the industry for quite some time. One of the most important developments in this context is the announcement by the financial services provider Fidelity to offer a crypto-trading desk. Ultimately, however, the progressive integration of the previously anarchic-looking crypto-market into the traditional financial sector also means growing competition for long-established Bitcoin exchanges like Binance.

The crypto market is changing rapidly. Crypto-exchanges are therefore well advised to position themselves early. Binance does it.

Visit Binance: www.binance.com