Binance introduced the Binance Wealth service, which allows asset managers to attract wealthy clients to the crypto exchange and offer them a wide range of digital assets. The company announced the launch of the service on its website and Coindesk drew attention to it.
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Binance claimed that this is the first service of its kind in the cryptocurrency industry. The service allows clients with a high level of capital to trust personal managers who will help open accounts on a cryptocurrency exchange and monitor cryptocurrency investments, the company explained. They added that clients will also be able to manage assets independently.
Binance Wealth operates on the basis of the crypto exchange itself, so it is not available in all countries, for example, the service cannot be used in the US. “Initial attention” will be paid to markets in Asia and Latin America, a representative of the cryptocurrency exchange told Coindesk.
The new service demonstrates Binance’s commitment to “bridging the gap between traditional finance and cryptocurrencies, and provides new opportunities for individuals and institutions to securely and efficiently interact with digital assets,” the company said in a statement.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
