Bitcoin
$61,561.36-3.67%
Ethereum
$2,994.58-2.99%
Binance Coin
$538.74+0.04%
Solana
$132.72-2.49%
XRP
$0.49351835-0.18%
Dogecoin
$0.14759039-5.44%
Toncoin
$6.11-5.50%
Cardano
$0.44558488-2.43%
Shiba Inu
$0.00002216-2.50%
Avalanche
$33.90-2.25%
Tron
$0.10980783-2.59%
Wrapped Bitcoin
$60,277.01-5.81%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
02
DAYS
18
HR
03
MIN
34
SEC
Finance

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.

By Cam Thompson
AccessTimeIconJun 24, 2022 at 2:49 p.m. UTC
Updated May 11, 2023 at 6:53 p.m. UTC
Binance CEO Changpeng "CZ" Zhao (CoinDesk archives)

Binance CEO Changpeng "CZ" Zhao (CoinDesk archives)

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.
VolumeMuteUnmute

Big Tech Comes to Small Town: A Bitcoin Mining Story in Spur

  • What's the Biggest Misconception People Have About Bitcoin Mining?
    00:39
    What's the Biggest Misconception People Have About Bitcoin Mining?
  • Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?
    08:53
    Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?
  • Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again
    01:47
    Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again
  • Crypto Fee War Intensifies in South Korea
    01:02
    Crypto Fee War Intensifies in South Korea

    • Read more: Binance, Kraken and Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Cam Thompson
    Cam Thompson

    Cam Thompson was a news reporter at CoinDesk.

    Follow @camgthompson on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.