Binance consentirà alle istituzioni di conservare garanzie collaterali fuori borsa presso le banche

• Binance executed the “world’s first cryptocurrency triparty arrangement with a third party banking partner.”
• L’azienda consentirà alle istituzioni di commerciare mantenendo la garanzia fuori borsa sotto la custodia di una banca.
• The exchange’s goal is to address the fear of counterparty risk that institutions have while trading crypto.
• L'azienda sta esplorando l'accordo tripartito da più di un anno, ha detto un dirigente.

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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. 

Secondo la stampa ufficiale dichiarazione, 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 ha osservato che il rischio principale per i clienti istituzionali che cercano esposizione al settore delle criptovalute è il rischio di controparte, e il nuovo programma dell'exchange cerca di affrontare questa preoccupazione degli investitori.

“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.

#Binance has executed the industry's first Triparty agreement, where institutional investors' collateral is held off-exchange with a third-party banking partner.

Impara come @BinanceVIP is setting new standards for institutional crypto trading 👇https://t.co/oyARwUWzI0

— Binance (@binance) 30 novembre 2023

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. 

Come per un blog inviare 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. 

Come riportato in precedenza da Bitnation, l'ex CEO di Binance Changpeng Zhao, noto anche come CZ nel settore delle criptovalute, si è dimesso all'inizio di questo mese e anche si è dimesso dal consiglio del braccio statunitense della principale borsa valori. Richard Teng, l'ex capo globale dei mercati regionali della borsa, ha assunto la carica amministratore delegato della borsa madre e prevede di continuare a stimolare la crescita e aumentare l'adozione.

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