Binance indicated that it will provide important information through Capital Connect including assets under management (AUM) of various funds, their performance records, and minimum investment amounts.
A leading centralized exchange with a daily turnover of more than $38 billion, Binance has continued to reinvent financial markets in order to improve the unbanked population globally. The exchange boasts of over 120 million registered users globally who are actively trading over 350 digital assets. With its huge global reach, the cryptocurrency exchange has segregated high net worth investors for VIP services.
For example, the exchange has four VIP affiliate programs — including Trader VIP, Holder VIP, Investor VIP, and Borrower VIP — aimed at bringing investors together to improve the crypto and blockchain industry.
Binance launches Capital Connect
Cryptocurrency exchange Binance announced that it has unveiled a new product dubbed Capital Connect to help connect institutional investors with crypto fund managers. Notably, the new product from Binance is currently available to VIP program users including hedge funds and high net worth investors, among others.
“Investors and fund managers continue to struggle with network shortcomings due to a lack of market standards,” said Catherine Chen, Head of Binance VIP and Institutional, male. “Using Capital Connect, we can help create standards for information disclosure for market participants with different investment and fundraising needs.”
The company noted that Capital Connect aims to help institutional investors take advantage of the rapidly developing crypto market in a secure environment. Moreover, the Binance platform is highly regulated all over the world and has earned a good reputation among investors. In this regard, Binance indicated that it will provide important information through Capital Connect including assets under management (AUM) of various funds, their performance records, minimum investment amounts, among others.
Capital Connect intends to keep details about users anonymous until a deal is reached. In this case, investment managers can freely communicate with clients without restrictions on external standards. However, Binance intends to maintain high standards for Capital Connect through Know Your Customer (KYC) and Know Your Business (KYB).
Reportedly, more than 20 Capital Connect fund managers are listed on Binance, with more expected in the near future. Furthermore, Binance announced that it contained institutional customers by 8.3% during the first quarter of 2023.
market forecast
Binance remains privately held with its value rising amid mainstream global crypto adoption. Under the leadership of CEO and co-founder Changpeng Zhao, the exchange holds more than 500,000 bitcoins in its wallet reserves. Which makes it an important player in Bitcoin and blockchain development initiatives.
The top crypto assets have been consolidating in the past few weeks, after posting a profitable first three months. However, the rise of the new meme has kept the cryptocurrency trading volume high amid bearish sentiment.
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