Binance gör det möjligt för institutioner att lagra säkerheter utanför börsen med banker
- Binance executed the “world’s first cryptocurrency triparty arrangement with a third party banking partner.”
- Företaget kommer att tillåta institutioner att handla samtidigt som de behåller säkerheterna utanför börsen i en banks förvar.
- The exchange’s goal is to address the fear of counterparty risk that institutions have while trading crypto.
- Företaget har undersökt trepartsavtalet i mer än ett år, sa en chef.
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.
Enligt den officiella pressen påstående, 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 noterade att den primära risken för institutionella kunder som söker exponering mot kryptoindustrin är frågan om motpartsrisk, och det nya programmet från börsen försöker ta itu med denna oro hos investerare.
“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.
Enligt en blogg posta 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.
Som tidigare rapporterats av Bitnation avgick tidigare denna månad, tidigare Binance-vd Changpeng Zhao, även känd som CZ i kryptorymden och avgått ur styrelsen av USA:s arm av den ledande börsen. Richard Teng, tidigare global chef för regionala marknader på börsen, tog över som chef för föräldrabörsen och planerar att fortsätta driva tillväxt och öka användningen.
En kryptojournalist med över 3 års erfarenhet av DeFi, NFT, metaverse etc. Parth har arbetat med stora medier inom krypto- och finansvärlden och har skaffat sig erfarenhet och expertis inom kryptokultur efter att ha överlevt björn- och tjurmarknader genom åren.
