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Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts.
The leading centralized exchange with more than $38 billion in daily traded volume Binance has continued to re-invent the financial markets for the betterment of the globally unbanked population. The exchange takes pride in more than 120 million global registered users who actively trade more than 350 digital assets. With its huge global reach, the crypto exchange has worked to separate high-net-worth investors to get VIP services.
For instance, the exchange has four VIP sub-programs – including Trader VIP, Holder VIP, Investor VIP, and Borrower VIP – meant to bring together investors for the betterment of the crypto and blockchain industry.
Binance Launches Capital Connect
Binance crypto exchange announced that it has unveiled a new product dubbed Capital Connect to help bridge institutional investors with crypto investment fund managers. Notably, the new product by Binance is currently available for VIP program users including hedge funds and high-net-worth investors, among others.
“Investors and fund managers continue to encounter network inefficiencies due to a lack of market standards,” Catherine Chen, Head of Binance VIP and Institutional, noted. “With Capital Connect, we can help create information disclosure standards for market participants with different investing and fund-raising needs.”
The company noted that Capital Connect is meant to help institutional investors tap into the fast-developing crypto market in a safe environment. Moreover, Binance is highly regulated around the world and has earned a good reputation among investors. In this regard, Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts, among others.
The Capital Connect platform intends to keep details about users anonymous until a deal has been reached. In that case, investment managers can freely communicate with clients without limitations of outside parameters. Nevertheless, Binance intends to maintain high standards for Capital Connect through Know-Your-Customer (KYC) and Know-Your-Business (KYB).
Reportedly, more than 20 fund managers have been listed on Binance’s Capital Connect, with more expected in the near future. Moreover, Binance announced that it on-boarded 8.3 percent more institutional clients during the first quarter of 2023.
Binance remains privately held with its value soaring amid global crypto mainstream adoption. Led by CEO and co-founder Changpeng Zhao, the exchange holds more than 500k Bitcoins in its wallet reserves. Thus making it a crucial player in the Bitcoin and blockchain development initiatives.
The top crypto assets have consolidated in the past few weeks, after recording a profitable first three months. Nevertheless, the rise of new meme coins has kept the crypto trading volume up amid bearish sentiments.