Binance permitirá a las instituciones almacenar garantías fuera de bolsa con los bancos
- Binance executed the “world’s first cryptocurrency triparty arrangement with a third party banking partner.”
- La empresa permitirá que las instituciones negocien manteniendo la garantía fuera de bolsa bajo la custodia de un banco.
- The exchange’s goal is to address the fear of counterparty risk that institutions have while trading crypto.
- La firma ha estado explorando el acuerdo tripartito durante más de un año, dijo un ejecutivo.
Binance, the world’s largest digital asset trading platform by trading volume, has announced that it “successfully executed the world’s first cryptocurrency triparty arrangement with a third party banking partner,” allowing institutions to trade without depositing on the platform. Interestingly, the firm will allow banks to store trading collateral off-exchange.
Según la prensa oficial declaración, Binance will allow institutional investors to “keep trading collateral, off-exchange in the custody of a third party banking partner,” an industry-first move. In the announcement, the firm noted that this was the first in a series of pilot projects that the leading exchange has planned.
Binance señaló que el principal riesgo para los clientes institucionales que buscan exposición a la industria de las criptomonedas es la cuestión del riesgo de contraparte, y el nuevo programa del intercambio busca abordar esta preocupación de los inversores.
“It replicates a framework common in traditional financial markets, which enables investors to proportion their crypto-asset allocation based on their risk tolerance. Collateral held with the banking partner can be in the form of fiat equivalent such as Treasury Bills which has the added benefit of being a yielding asset,” the exchange noted.
On the other hand, Catherine Chen, Head of VIP and Institutional at Binance, noted that the exchange’s team has been “exploring a banking triparty agreement for more than a year” to solve the fear of counterparty risk for institutions. Chen noted that the firm has developed a solution that would allow its institutional clients to “optimize their collateral and cryptocurrency investments, modeled after the traditional markets’ trading conduct.”
“We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating,” Chen added.
Según un blog correo from Investopedia, counterparty risk is defined as “the likelihood or probability that one of those involved in a transaction might default on its contractual obligation.” For the crypto industry, this risk generally refers to investors needing to deposit their assets before engaging in a trade on an exchange.
Como informó anteriormente Bitnation, el ex director ejecutivo de Binance, Changpeng Zhao, también conocido como CZ en el espacio criptográfico, renunció a principios de este mes y también dimitió de la junta de la rama estadounidense de la principal bolsa de valores. Richard Teng, ex jefe global de mercados regionales de la bolsa, asumió el cargo de director ejecutivo de la bolsa matriz y planea continuar impulsando el crecimiento y aumentar la adopción.