Binance Launches New Institutional Platform

The largest cryptocurrency exchange in the world, Binance, has announced that it will launch a new institutional platform: ‘Binance Institutional’. With this, it is immediately launching a new range of trading services aimed at institutions, crypto platforms, crypto miners, high net worth individuals, hedge funds and asset managers.

Local laws will be strictly enforced

Binance’s new platform offers many features for its high-spending customers, including various over-the-counter (OTC) services, such as instant crypto prices and algorithmic trading, wealth management services, and a Binance Broker program for corporate customers to use Binance technology for their own businesses.

The exchange emphasizes that strict compliance with their laws will be enforced in each jurisdiction. This may mean that not every feature will be available in every jurisdiction.

Obtaining certificates

The exchange has also embarked on a great adventure to obtain all the necessary certifications worldwide to be allowed to operate in the jurisdictions in which they operate. The exchange is also making significant steps in this regard, as they have already received the necessary licenses in various jurisdictions. Now the team is also focusing on the specific ‘SOC 2 and ISO-27001 certifications. In fact, both certifications are a set of standards that guarantee trust, security, compliance and auditing.

Binance doesn’t seem to care about the current crypto market. While several other crypto exchanges are shrinking their workforce, Binance is expanding. They have hundreds of vacancies open worldwide. Overall, the exchange appears to be taking big steps regardless of its current market status.

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