Binance has announced the launch of a new platform specifically built for VIP clients and institutional crypto investors.
The world’s largest exchange by trading volume says that Binance Institutional is aimed at leveling up its products and services for institutional investors, asset managers, brokers, hedge funds, family offices, proprietary trading firms, liquidity providers, high-net-worth individuals and mining companies.
Binance Institutional provides a range of proprietary offerings, including support for trading on credit, over-the-counter services for trade sizes of at least $200,000, yield products for clients and other professional services.
Binance launches the new platform as the exchange reports continued growth despite the crypto winter.
In an interview on Yahoo! Finance Live last week, Binance CEO Changpeng Zhao said that the exchange is hiring more people and increasing its merger and acquisition (M&A) activities.
“We do look at stressed assets, companies that are insolvent, and we would like to help them either with loans, minority investments, or even M&A – majority acquisitions. So all of those things are on the table. But I think all of us are looking at all the deals that’s available in the market. And today, almost all of those deals do come to us.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong