Home » Binance considers allowing traders to secure collateral at banks: Report

Binance considers allowing traders to secure collateral at banks: Report

by WorldFinance
0 comment 1 minutes read
Binance considers allowing traders to secure collateral at banks: Report

Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg.

This move comes in response to demands from institutional digital asset traders for increased security measures following the collapse of FTX late last year, which resulted in substantial losses for many traders.

Continue Reading on Coin Telegraph

See also  XRP Price Prediction: Will Range Pattern Breakout Push $XRP Above $0.6?

You may also like

Our Company

Critical insights and analysis on Finance in the world

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2023 – All Right Reserved. Designed and Developed by WorldFin.news