Launch of a New Platform by Binance for Institutional and VIP Crypto Investors
For institutional and VIP investors, cryptocurrency exchange Binance has announced a new platform. The VIP programme at Binance allows users to “be rewarded with improved discounts and VIP privileges” as they progress through the VIP levels based on their trading volume. The debut of “Binance Institutional,” a new platform for VIP and institutional cryptocurrency investors, was announced by the major cryptocurrency exchange Binance on Thursday. According to the exchange, Binance is making an effort to “enhance its institutional goods and services.”
The services of Binance Institutional are available to many kinds of institutions, according to the company’s website. Some of them include asset managers, brokers, hedge funds, family offices, proprietary trading firms, liquidity providers, extremely rich individuals, and mining companies. A number of services, including brokerage, asset management, custody, and direct access to OTC liquidity, are offered via the new platform.
Users may “be rewarded with extra savings and VIP benefits” through the VIP programme when their trade volume advances them through the VIP tiers, according to Binance. VIP perks include fee savings and raised 24-hour withdrawal caps. The exchange has nine different VIP tiers available. A VIP must have at least 25 BNB in their account and 1 million BUSD in trading volume over the course of a 30-day period. Level nine VIPs have a minimum BNB balance of 5,500 and a minimum 30-day trade volume of 5 billion BUSD. According to sources, the BNB cryptocurrency from Binance is being investigated by the US SEC because it could be an unregistered security.