Binance, the world’s largest exchange by trading volumes, is shifting its services to target institutional investors. The exchange has announced that it will launch a flagship platform targeting VIP and institutional users.
Binance launches a platform targeting institutions and VIPs
This new platform is being launched when the entire cryptocurrency market faces a notable price dip. Institutional investors that usually buy coins in large volumes have also been panicking because of the ongoing recession.
Binance is now launching a new platform known as “Binance Institutional.” The exchange giant plans to upgrade its services and offerings for institutional clients. This product mainly targets institutional clients. The target audience includes hedge funds, brokers, asset managers, corporates, family offices, high networth individuals, and more.
This will be a similar product to the one launched by some top cryptocurrency exchanges to target institutional clients. Institutional investments in the crypto space have increased significantly over … Read more