Crypto exchange Binance has introduced a new service called Binance Mirror. This service is based on Binance Custody and allows institutional investors to invest and trade using cold custody.
Secure cold custody solution for institutional investors
With the launch of Binance Mirror, Binance hopes to improve its institutional trading services. Institutional investors are increasingly concerned about the safety of their assets and Binance Mirror offers a safe solution. The new service allows traders to access the exchange ecosystem without having to place collateral directly on the platform.
Binance Mirror is built on Binance Custody, a custodian platform with proprietary cold storage solutions, protecting against physical loss, damage, theft or internal conspiracy. Binance Mirror is a new product of Binance Custody, which accounts for more than 60% of all assets held on Binance Custody.
Binance Mirror enables institutional investors to invest and trade using cold custody. Binance Custody is a custodian platform with proprietary cold storage solutions, protecting against physical loss, damage and theft. It is still unclear whether Binance plans to offer similar cold custody services to retail investors