- Existing Binance VIP customers will be able to use the service at no cost.
- Verified Binance VIP users may apply to utilize the platform in one of two capacities.
To facilitate connections between institutional investors and crypto investment fund managers, Binance is launching a new platform. Capital Connect is a new platform that will initially be accessible only to Binance’s most privileged customers, such as asset and fund managers, brokers, hedge funds, family offices and high net worth individuals, liquidity providers, and companies.
Existing Binance VIP customers in non-restricted locations will be able to use the service at no cost, as per the official blog post. In practice, this implies the cryptocurrency exchange won’t take a cut of your transaction.
Wide Options for Balancing Portfolio
Verified Binance VIP users may apply to utilize the platform in one of two capacities: as an Investor or as an Investment Manager.
Investors will have access to a wide range of funds from which to choose when balancing their portfolios. One further criterion by which they might choose an Investment Manager is the strategy, redemption options, fees, AUM, and Sharpe ratios offered by each firm.
Only investors may send connection requests, and before approval, investment managers will review the investors’ profiles. Monthly returns must be documented and confirmed by trusted fund administrators, which investment managers must do. Investors may use this information to learn more about the fund’s historical returns.
Binance, on the other side, will stay out of any further communication between the two parties after the link has been made. In addition, the cryptocurrency exchange said that it would not promise any returns on investments.
Binance has spent a lot of time and money on worldwide compliance over the last year, and it has paid off with regulatory permits in a number of European countries. Although it is facing wrath in the U.S by the SEC.
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