Search results for institutional

  • New Premier Platform For VIP Users And Institutional Investors Introduced By Binance

    The introduction of a new exclusive platform for institutional investors and VIP customers to trade digital assets was announced on June 24th by Binance, among the largest crypto exchanges. Specialized services to high-net-worth individuals and institutional investors such as asset managers, hedge funds, and family offices are offered in the new advanced platform called ‘Binance […] The post New Premier Platform For VIP Users And Institutional Investors Introduced By Binance appeared first on Crypto Academy.

  • Binance Announces New VIP and Institutional Services Luring Big Investors

    As a VIP, one will get lower fees and a larger daily withdrawal cap. There are nine levels of VIP

  • Binance Expands Despite Bear Market, Launches Platform For Institutional And VIP Investors

    Binance (CRYPTO: BNB), the world’s biggest cryptocurrency exchange by volume traded, is launching a platform for VIPs and institutional large-scale investors. What Happened: Binance confirmed the launch of Binance Institutional, a platform offered to high-net-worth individuals, institutional investors, hedge funds, and asset managers, providing trading and investing services. See Also: Binance CEO Changpeng Zhao Denies Giving 3AC A Credit Line Following The Hedge Fund's Insolvency Binance Institutional offers an array of utilities, constituting the Binance Broker Program to leverage Binance technology for business growth, over-the-counter services, including algorithm-based trading, and other asset management services. Binance made the announcement via Twitter: "#Binance is launching #BinanceInstitutional, a new flagship platform for VIP and institutional users, in an effort to upgrade its institutional offerings and services." Why It’s Important: The news comes amidst extremely uncertain market conditions. Bitcoin (CRYPTO: BTC) has fallen from its all-time high of over $68,000 to currently $20,971. Consequently, numerous firms and exchanges have faced structural and technical difficulties, margin calls, and illiquidity. This has caused a major cutback of expenditures by firms. See Also: Binance.US Announces Bitcoin Trading Now Free Of Fees Major crypto firms, such as Coinbase, Gemini and Crypto.com, have announced large-scale layoffs and reductions in advertisement budgets. Binance, however, has made a series of bold moves prior to launching Binance Institutional: It's looking to fill 2,000 new positions It nullified trading fees for Binance.US Inked a multi-year partnership with Cristiano Ronaldo Each effort represents strong capital reserves and preparedness for a market downturn. As macroeconomic uncertainty perpetuates Bitcoin’s bear market, Binance continues to stride forward with power. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Binance launches institutional platform for ‘VIP’ users

    The new platform will offer over-the-counter services, asset management and custody services, a broker program and a liquidity program. The post Binance launches institutional platform for ‘VIP’ users appeared first on The Block.

  • Binance Launches Institutional Platform for VIP High Rollers

    It’s not crypto winter at Binance, as the world’s biggest crypto exchange launches a platform for institutional investors.

  • Citibank Selects METACO, Swiss Firm, For Institutional Cryptocurrency Custody

    Citibank (NYSE: C) has partnered with METACO to use its technology to develop and lead virtual asset custody abilities. What Happened: Citibank’s latest announcement appoints METACO, a Swiss cryptocurrency custody company, to enhance Citibank’s digital asset safeguarding abilities. METACO’s Harmonise platform is expected to oversee the $27 trillion in assets Citibank controls. As revealed by Citibank’s Securities Services team, this integration emphasises tokenized securities. In other words, assets, such as bonds and stock representations transacted via blockchain technology will be further safeguarded through this partnership. Prior to Citibank, METACO facilitated institutional cryptocurrency custody for other banks, such as GazpromBank and BBVA. Why It’s Important: METACO and Citibank’s partnership will allow Citi users to use the bank’s vast custodial network to safeguard, store and transact digital assets. This upgrade to Citibank’s infrastructure comes in turbulent market conditions, with the current cryptocurrency market capitalization at $890 billion, below one-third of its all-time high. “We are witnessing the increasing digitization of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients," Okan Pekin, global head of securities services at Citibank, said in a statement.  © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Institutional appetite for digital assets ‘has not slowed,’ according to PolySign and MG Stover CEOs

    In this episode of The Scoop, Jack McDonald, chair and CEO of PolySign, and Matt Stover, CEO of MG Stover, discuss the unwavering demand from their clients for digital asset-related products despite the broader crypto market drawdown. The post Institutional appetite for digital assets ‘has not slowed,’ according to PolySign and MG Stover CEOs appeared first on The Block.

  • EXCLUSIVE: Autonomy Network Unveils DeFi Tool To Onboard Institutional Investors to Web3

    AutoHedge, the newest tool offered by Autonomy Network, serves as a decentralized application designed for liquidity providers to optimize their gains, hedging against volatility. What Happened: On June 15, Autonomy Network introduced AutoHedge, a Web3 product that works to produce delta-neutral positions, by leveraging the Autonomy Protocol.  AutoHedge works by using Autonomy’s smart contract automation layer to create delta-neutrality. Designed for risk-averse investors to enter DeFi, AutoHedge will allow users to hold investment strategies that do not have a changing dollar value over time (i.e. are delta-neutral). The network’s AH LP token uniquely offers zero risk of liquidation when one borrows, as it is supported by double the debt value. For example, if hypothetically the price of Ethereum (CRYPTO: ETH) went to 0, the investor would gain the same from shorting the token, as they would lose in their Uniswap (CRYPTO: UNI) LP, due to a 100% collateral ratio. On the other hand, in the case of a rise in the token's price, the user's position would remain fully collateralized. Why It's Important: AutoHedge realizes that large-scale institutional investors possess major funds that can be deployed to create liquidity in DeFi. However, because of regulatory barriers, these investors are not exposed to the price volatility risk.  The tool is fundamentally created to always gain a return on the investment, profiting off trading fees without actual exposure to the asset’s price volatility, while allowing large-scale capital to flow into the DeFi space.  "AutoHedge is the perfect product for a bear market for investors as it makes them completely immune from the prices of e.g. ETH going down, while still enabling them to benefit from LPing with volatile assets," said James Key, CEO and Founder of Autonomy Network. "[It] represents the first time that an entire trading strategy can be automated and tokenized to be used in other DeFi applications, such as being yield-bearing low-risk collateral for stablecoins - this is just the tip of the iceberg and isn't just a new product, but an entirely new category of DeFi." © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • EU Premiere: Web3 Decentralized Domains And Institutional NFT Marketplace Under Development By Romania’s ICI Bucharest Using Elrond Network Blockchain Technology

    Bucharest, Romania, June 14th 2022 – Romania’s National Institute for Research and Development In Informatics – ICI Bucharest (ICI)  announces that work is underway for building an institutional NFT marketplace and a decentralized Domain Name System (DNS/TLD) based on the highly scalable and carbon-negative Elrond Network blockchain. Both initiatives are the first of their kind […] The post EU Premiere: Web3 Decentralized Domains And Institutional NFT Marketplace Under Development By Romania’s ICI Bucharest Using Elrond Network Blockchain Technology appeared first on NFT News Today.

  • Blockdaemon launches liquid staking platform for institutional investors on Ethereum

    Harbour is an institutional-grade liquid staking service developed by blockchain company Blockdaemon and liquid staking protocol StakeWise. The post Blockdaemon launches liquid staking platform for institutional investors on Ethereum appeared first on The Block.

  • Cardano (ADA) Price Surges 14% in Last 24 Hours, Institutional Inflows Surge

    The amount of ADA owned by institutions will probably surpass the amount of ETH. Over the previous week, the coin’s