In short: Binance has launched a new platform called 'Capital Connect' that connects institutional investors with crypto fund managers. The free service will be available only to users at Binance VIP level, including asset and fund managers, brokers, hedge funds, and high net-worth individuals. Binance expects Capital Connect will encourage the adoption and growth of digital assets. The launch comes when Binance is under regulatory pressure in the US but expanding into Europe.
Our quick analysis:
Binance, the leading cryptocurrency exchange, is launching a new service for institutional investors seeking to connect with crypto investment fund managers. This new platform, known as Capital Connect, will be exclusively available to Binance's VIP-level users, including asset and fund managers, high net-worth individuals, hedge funds, family offices, and corporations.
The service will be completely free for all existing Binance VIP clients in non-restricted regions, meaning the exchange will not charge any commission or fee. VIP users who have already completed the verification process can apply for access to the platform as both investors or investment managers.
The platform is primarily meant for investors, who can browse different funds and allocate their portfolios accordingly. Users can also pick investment managers based on factors such as fees, strategies, redemption terms, Sharpe Ratio, and assets under management. After successful connection requests from investors, investment managers can scan through their profiles before accepting the connection. Managers must also provide verified monthly returns records from reputable fund administrators, allowing investors to reference its past performance.
Binance will not be involved in any discussions between parties after a connection is established, nor will it guarantee investment returns. "With Capital Connect, one of our goals has been to provide a new way for Investors and Investment Managers to connect. We hope this will also demonstrate our commitment to supporting the growth and adoption of digital assets", said the official blog post.
This new offering comes amid Binance facing significant pressure from regulatory entities in the US. However, the company's focus on global compliance has helped it win approvals across several European countries such as France, Italy, Lithuania, Spain, Cyprus, and Poland. Moreover, Binance is planning to reenter the Japanese market after June this year through the purchase of regulated crypto exchange Sakura Exchange Bitcoin.
It seems that Binance is always striving to provide its clients with top-notch services. With Capital Connect, investors and fund managers can now connect and develop fruitful relationships, all while benefiting from the innovative landscape of decentralized finance.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Binance, the leading cryptocurrency exchange, is launching a new service for institutional investors seeking to connect with crypto investment fund managers. This new platform, known as Capital Connect, will be exclusively available to Binance's VIP-level users, including asset and fund managers, high net-worth individuals, hedge funds, family offices, and corporations.
The service will be completely free for all existing Binance VIP clients in non-restricted regions, meaning the exchange will not charge any commission or fee. VIP users who have already completed the verification process can apply for access to the platform as both investors or investment managers.
The platform is primarily meant for investors, who can browse different funds and allocate their portfolios accordingly. Users can also pick investment managers based on factors such as fees, strategies, redemption terms, Sharpe Ratio, and assets under management. After successful connection requests from investors, investment managers can scan through their profiles before accepting the connection. Managers must also provide verified monthly returns records from reputable fund administrators, allowing investors to reference its past performance.
Binance will not be involved in any discussions between parties after a connection is established, nor will it guarantee investment returns. "With Capital Connect, one of our goals has been to provide a new way for Investors and Investment Managers to connect. We hope this will also demonstrate our commitment to supporting the growth and adoption of digital assets", said the official blog post.
This new offering comes amid Binance facing significant pressure from regulatory entities in the US. However, the company's focus on global compliance has helped it win approvals across several European countries such as France, Italy, Lithuania, Spain, Cyprus, and Poland. Moreover, Binance is planning to reenter the Japanese market after June this year through the purchase of regulated crypto exchange Sakura Exchange Bitcoin.
It seems that Binance is always striving to provide its clients with top-notch services. With Capital Connect, investors and fund managers can now connect and develop fruitful relationships, all while benefiting from the innovative landscape of decentralized finance.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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