Binance Launches New Platform for VIP and Institutional Crypto Investors
Crypto
exchange Binance has launched a new platform for VIP and institutional
investors. The VIP programme offers Binance users to "get rewarded with
more discounts and VIP privileges" as their trading volume reaches the
VIP tiers.
‘Binance Institutional’ Launched
Global
cryptocurrency exchange Binance announced on Thursday the launch of
"Binance Institutional," a new platform for VIP and institutional
cryptocurrency investors. It is one of Binance’s efforts "to upgrade its
institutional offerings and services," the exchange said.
Its website
describes how Binance Institutional’s services are tailored for all types of
institutions. They include asset managers, brokers, hedge funds, family
offices, proprietary trading firms, liquidity providers, high-net-worth
individuals, and mining companies.
The new
platform offers new services, including direct access to OTC liquidity,
asset management, custody, and brokerage.
Binance CEO Changpeng
Zhao (CZ) quoted:
"Brokerage
services are well-positioned to help our industry bridge some of the gaps
between the crypto and traditional financial markets and drive continued
digital asset growth."
The VIP
programme allows users to "get rewarded with more discounts and VIP
privileges" as their trading volume reaches the VIP tiers, Binance
explained. VIP privileges include fee discounts and higher 24-hour withdrawal
limits.
The exchange
offers nine VIP tiers. A VIP must have a 30-day trade volume of at least 1
million BUSD and a balance of at least 25 BNB. A level nine VIP has a
30-day trade volume of at least 5 billion BUSD and a BNB balance of
at least 5,500.
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