Binance staat instellingen toe om onderpand buiten de beurs bij banken op te slaan

• Binance executed the “world’s first cryptocurrency triparty arrangement with a third party banking partner.”
• Het bedrijf zal instellingen toestaan handel te drijven terwijl het onderpand buiten de beurs in bewaring bij een bank blijft.
• The exchange’s goal is to address the fear of counterparty risk that institutions have while trading crypto.
• Het bedrijf onderzoekt de driepartijenovereenkomst al meer dan een jaar, zei een directeur.

---

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. 

Volgens de officiële pers uitspraak, 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 merkte op dat het voornaamste risico voor institutionele klanten die blootstelling aan de crypto-industrie zoeken de kwestie van het tegenpartijrisico is, en het nieuwe programma van de beurs probeert deze zorg van beleggers weg te nemen.

“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.

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

— Binance (@binance) 30 november 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. 

Volgens een blog na 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. 

Zoals eerder gemeld door Bitnation, nam de voormalige CEO van Binance, Changpeng Zhao, ook wel bekend als CZ in de crypto-ruimte, eerder deze maand ontslag en ook ontslag genomen uit het bestuur van de Amerikaanse tak van de leidende beurs. Richard Teng, het voormalige mondiale hoofd van regionale markten bij de beurs, nam het roer over CEO van de ouderbeurs en is van plan de groei te blijven stimuleren en de adoptie te vergroten.

Laatste nieuws