Binance Launches Custody Service to Secure Institutional Investor Collateral

• Binance announced that it will allow institutional investors to post collateral from cold wallets with Binance Custody.
• The crypto exchange said that this will enable investors to keep their collateral off the platform and in cold storage.
• Once trades are settled, the assets would then become accessible to the user again.

Binance, the leading cryptocurrency exchange, announced on Monday that it will enable institutional investors to post collateral from cold wallets with Binance Custody. This will enable investors to keep their collateral off the platform and in cold storage, which can provide an extra layer of security for the assets.

Under the new service, institutional investors can place their assets in cold wallets which are kept off the internet and are thus much less vulnerable to hacking and other security threats. When the investor is ready to place a leveraged position, they can post the collateral from the cold wallet to the exchange, and once the trades are settled, the assets would then become accessible to the user again.

Binance said that its Custody service will provide a secure and reliable way to store and manage digital assets, while also allowing users to get the most out of their investments. The exchange said that its Custody service is designed to provide users with the highest levels of security and convenience, with a range of advanced features designed to protect user funds.

Furthermore, Binance said that its Custody service also provides users with access to a wide range of digital asset management tools, including asset tracking, automated trading, and portfolio risk management. Additionally, the exchange said that its Custody service is designed to provide users with the flexibility to develop their own asset management strategies, which can help them to maximize their investments.

Overall, Binance’s new Custody service is a welcome addition to the crypto community, as it provides institutional investors with an extra layer of security for their collateralized positions. This service will also allow users to get the most out of their investments, as they can access a wide range of asset management tools, as well as develop their own strategies.