Binance Launches Institutional Platform for VIP High Rollers

It’s not #crypto winter at #Binance, as the world’s biggest crypto exchange launches a platform for institutional investors.

The world's largest crypto exchange, #Binance, has announced the launch of #Binance Institutional, a new suite of trading services aimed at institutions, crypto platforms, family offices, high-net worth individuals, crypto #miners, asset managers and #hedgefunds.

The new #platform offers a plethora of services for its high-rolling clientele, including execution and over-the-counter (#OTC) services–like instant crypto pricing and algorithmic trading, asset management services, and a #Binance Broker Program for enterprise clients to leverage Binance technology for their own businesses.

In the supporting web pages for the new product range, #Binance assures prospective clients that it will be practicing strict regulatory compliance in every jurisdiction it operates under.

#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

The #crypto exchange also says it has “embarked” on a “journey” to obtain SOC 2 and ISO-27001 certifications, which are essentially both a set of standards ensuring trust, security, compliance and auditing.

Binance defies crypto winter:

It may currently be a bear market, and #Binance’s rival exchange #Coinbase, alongside crypto lender #BlockFi, may both be slashing their workforces by up to 20%, but it appears to be business as usual at #Binance. For starters, the exchange is currently hiring.

On Wednesday, the exchange's U.S. offshoot also announced that it was eliminating trading fees for customers. In a company statement, #Binance.US CEO Brian Shroder called the measure: “an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and help our market and customers in a time of need.”