Binance Launches New Platform for VIP and Institutional Investors

The exchange’s release of Binance Institutional aligns with CEO Changpeng Zhao’s commitment to expand and hire during the bear market.

AccessTimeIconJun 24, 2022 at 2:49 p.m. UTC
Updated Jun 24, 2022 at 3:14 p.m. UTC

Cameron Thompson is a news reporter at CoinDesk.

Cryptocurrency exchange Binance is launching Binance Institutional, an advanced platform for institutional investors to trade digital assets.

  • The exchange announced the product in a tweet on its new account dedicated to the product, noting the decision to launch the product comes amid “an effort to upgrade its institutional offerings and services.”
  • According to the Binance Institutional webpage, the product will offer over-the-counter liquidity and execution for algorithmic trading, access to instant pricing, advanced custody solutions, a suite of broker products and a liquidity program for traders in spot and futures markets.
  • Binance is the world’s largest cryptocurrency exchange by volume, with $7.7 trillion in annual exchange volume and 90 million registered users.
  • The release of Binance Institutional follows a trend toward Binance's expansion of its operations during the current bear market for crypto assets – in contrast with many of its rivals. During Consensus 2022, Binance CEO Changpeng “CZ” Zhao spoke about the company’s plans to hire new employees. And earlier this week, Binance.US said it would eliminate bitcoin (BTC) trading fees in an effort to bring in more users.
  • Binance Institutional is accessible through its main website, and is not available to customers of its U.S. branch, Binance.US.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Cameron Thompson is a news reporter at CoinDesk.

CoinDesk - Unknown

Cameron Thompson is a news reporter at CoinDesk.