Binance First Crypto Exchange to Offer Solution for Wealth Managers

블록스트리트 등록 2024-10-30 14:18 수정 2024-10-30 14:18

출처=Binance
출처=Binance
Binance, the global blockchain ecosystem trusted by over 230 million users worldwide, announced Binance Wealth on Oct. 29, the first crypto exchange technological solution for wealth managers.

Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations, allowing their clients to receive strong support during onboarding and thereafter while retaining full discretionary control, akin to traditional wealth management.

Wealth managers must first apply to access Binance Wealth. After being successfully onboarded, they can then help support their clients' onboarding journey by submitting the necessary KYC/KYB documentation for verification. Onboarded clients can then manage their own investments directly as well as receive recommendations from their wealth managers for their review and approval.

Binance Wealth is the first crypto exchange solution enabling wealth managers to address their high-net-worth clients' interest for exposure to this new asset class. Binance is meeting demand from the private wealth segment preferring to diversify their portfolios with the support of their trusted wealth managers.

Designed by Binance's global team of industry-leading crypto and traditional financial experts, Binance Wealth significantly reduces the entry barrier for wealth managers and their high-net-worth clients who are looking for digital assets exposure

The features of Binance Wealth include ▲TradFi experience ▲Intuitive user interface ▲Exposure beyond Bitcoin and Etherum ▲Flexibility of investments ▲White-glove VIP service

Catherine Chen, Head of Binance VIP & Institutional shared, "As investors worldwide recognize the potential of digital assets, we are responding to wealth managers and their clients asking for a solution to more easily access crypto. Unlocking capital inflow is key to making digital assets mainstream but there has long been a lack of traditional infrastructure for the private wealth segment to gain exposure to crypto. Binance Wealth will reduce the entry barrier for more market participants to access this new asset class and help bridge crypto and traditional finance."

권승원 기자 ksw@blockstreet.co.kr