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Binance to Allow Institutional Investors to Keep Collateral Off Exchange

Institutional investors can post collateral used for leveraged trading with Binance Custody. Binance Custody will hold customer assets off the internet in cold storage...
Binance to Allow Institutional Investors to Keep Collateral Off Exchange Binance to Allow Institutional Investors to Keep Collateral Off Exchange

  • Institutional investors can post collateral used for leveraged trading with Binance Custody.
  • Binance Custody will hold customer assets off the internet in cold storage wallets. Users will be able to reaccess their assets once trades settle.
  • Holding customer assets offline also helps keep them safe from potential on-chain hacking incidents.

Binance, the largest centralized crypto exchange in the world, will allow institutional investors to keep collateral used for leveraged trading off the platform, according to a report by Bloomberg.

The exchange will now let traders post collateral with Binance Custody, a legal entity registered in Lithuania. Binance Custody will hold customer assets offline in cold storage wallets. Once trades settle, assets become accessible to users again.

Binance’s move comes amid investors’ fears sparked by the downfall of FTX. The now-bankrupt exchange, which experienced a bank run in November that ultimately brought it down, misused billions of dollars of customer assets.

Holding assets in cold storage wallets also means they’re virtually immune to on-chain hacks.

Binance Sees Massive Outflows

Binance’s move to reassure investors that their collateral is safe is also an attempt to keep outflows from the exchange in check.

According to Forbes, Binance has seen over $12 billion leave the exchange in the last 60 days. That’s contrary to the $3 billion figure Binance CEO Changpeng Zhao referred to in December.

On top of that, Binance has recently admitted that its BUSD stablecoin hasn’t always been fully pegged to the U.S. dollar. The stablecoin was undercollateralized by at least $1 billion on three occasions from 2020 to 2021.

On the Flipside

  • It’s unclear when the option to store collateral in cold storage will become available to institutional investors.

Why You Should Care

Binance is the world’s largest centralized crypto exchange. It’s a welcoming sign that the exchange is attempting to make it safer to trade for institutional investors.

You Might Also Like:

Lazarus Group Moves $64 Million from Harmony Exploit, Binance Freezes 125 BTC from Loot

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04-10-2023 20:59:45 (UTC+7)

EUR/USD

1.0508

+0.0043 (+0.41%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (6)

EUR/USD

1.0508

+0.0043 (+0.41%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (6)

GBP/USD

1.2150

+0.0075 (+0.62%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

USD/JPY

148.96

-0.07 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (1)

AUD/USD

0.6327

+0.0026 (+0.41%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3742

+0.0034 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

156.51

+0.54 (+0.35%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9630

-0.0010 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (4)

Gold Futures

1,835.75

-5.75 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Silver Futures

21.105

-0.272 (-1.27%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Copper Futures

3.5720

-0.0490 (-1.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Crude Oil WTI Futures

86.83

-2.40 (-2.69%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (6)

Sell (3)

Brent Oil Futures

88.49

-2.43 (-2.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

3.032

+0.083 (+2.81%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

US Coffee C Futures

148.05

-0.70 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,103.65

+8.06 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,239.66

+10.21 (+0.24%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

DAX

15,104.64

+19.43 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,428.39

-41.77 (-0.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Hang Seng

17,186.00

-90.00 (-0.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,716.10

-11.05 (-0.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

IBEX 35

9,118.49

-47.01 (-0.51%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

BASF SE NA O.N.

41.725

-0.035 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Bayer AG NA

44.31

+0.43 (+0.98%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

219.77

-1.18 (-0.53%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (8)

Adidas AG

161.65

+0.93 (+0.58%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

7.168

-0.079 (-1.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Siemens AG Class N

134.00

+0.90 (+0.68%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

Deutsche Bank AG

9.883

-0.048 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

 EUR/USD1.0508↑ Sell
 GBP/USD1.2150↑ Sell
 USD/JPY148.96Neutral
 AUD/USD0.6327Sell
 USD/CAD1.3742↑ Buy
 EUR/JPY156.51↑ Sell
 EUR/CHF0.9630↑ Sell
 Gold1,835.75↑ Sell
 Silver21.105Sell
 Copper3.5720↑ Sell
 Crude Oil WTI86.83Neutral
 Brent Oil88.49↑ Sell
 Natural Gas3.032↑ Sell
 US Coffee C148.05↑ Sell
 Euro Stoxx 504,103.65↑ Sell
 S&P 5004,239.66Buy
 DAX15,104.64↑ Sell
 FTSE 1007,428.39↑ Sell
 Hang Seng17,186.00↑ Buy
 Small Cap 20001,716.10↑ Sell
 IBEX 359,118.49↑ Sell
 BASF41.725↑ Sell
 Bayer44.31↑ Buy
 Allianz219.77↑ Sell
 Adidas161.65↑ Sell
 Lufthansa7.168↑ Buy
 Siemens AG134.00↑ Sell
 Deutsche Bank AG9.883↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,820/ 6,870
(-20/ -20) # 1,473
SJC HCM6,815/ 6,885
(-5/ -5) # 1,487
SJC Hanoi6,815/ 6,887
(-5/ -5) # 1,489
SJC Danang6,815/ 6,887
(-5/ -5) # 1,489
SJC Nhatrang6,815/ 6,887
(-5/ -5) # 1,489
SJC Cantho6,815/ 6,887
(-5/ -5) # 1,489
Cập nhật 04-10-2023 20:59:48
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RON 95-V25.37025.870
RON 95-III24.84025.330
E5 RON 92-II23.50023.970
DO 0.05S23.59024.060
DO 0,001S-V24.45024.930
Dầu hỏa 2-K23.81024.280
ↂ Giá dầu thô thế giới
WTI$85.73+3.720.05%
Brent$88.03+2.370.03%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.210,0024.580,00
EUR24.873,2126.238,71
GBP28.676,2629.897,08
JPY158,99168,29
KRW15,4918,87
Cập nhật lúc 18:51:01 04/10/2023
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