Svmuu News: On July 1, Binance announced a partnership with digital asset custodian Anchorage Digital to integrate the latter’s Atlas over-the-counter (OTC) settlement platform into the Binance Triparty Banking network, providing institutional clients with new compliant custody and settlement solutions.Through this integration, eligible institutional clients can independently custody crypto assets and U.S. dollar funds with Anchorage Digital and use them as collateral to trade on Binance without having to deposit funds into the trading platform in advance, thereby reducing counterparty risk and improving capital efficiency. This partnership also marks the first time the Anchorage Digital Atlas platform has been integrated with a cryptocurrency exchange.
BinanceCatherine Chen, Head of VIP and Institutional Business, stated: “Binance continues to build market infrastructure tailored to institutional needs, helping professional traders participate in the crypto market in a safer and more efficient manner. By partnering with Anchorage Digital to launch OTC settlement services, eligible institutional clients will be able to manage asset custody and collateral in a manner more closely aligned with traditional financial markets, while benefiting from Binance’s market liquidity.”