Binance Wealth, the first crypto exchange technological solution for wealth managers, was unveiled today by Binance, the global blockchain ecosystem that more than 230 million people globally trust. Similar to conventional wealth management, Binance Wealth gives wealth managers the ability to supervise their clients’ onboarding and provide investment recommendations. This way, customers may get robust assistance both during and after onboarding while maintaining complete discretionary control.
To get access to Binance Wealth, wealth managers must first apply. Once successfully onboarded, they may assist their customers with their onboarding process by providing the required KYC/KYB papers for verification. Following onboarding, customers have the option to handle their own assets directly and accept suggestions from their wealth managers for their review and approval.
Wealth managers can now respond to their high-net-worth customers’ need for exposure to this new asset class thanks to Binance Wealth, the first cryptocurrency exchange solution. With the help of their reliable wealth managers, Binance is satisfying the need from the private wealth sector, which prefers to diversify their portfolios.
Binance Wealth, designed by Binance’s international team of top crypto and conventional financial specialists, dramatically lowers the entrance barrier for wealth managers and their affluent customers seeking exposure to digital assets:
Wealth managers and their customers have an experience with TradFi that is quite similar to the conventional financial advisory framework that they are used to.
Intuitive user interface: A thorough and cohesive dashboard with a summary of onboarded customers and their portfolios is provided to wealth managers by Binance Wealth.
Exposure beyond Bitcoin and Ethereum: Clients of wealth managers may easily learn about Binance’s extensive range of supported tokens.
Flexibility of investments: Binance Wealth serves customers’ interests in both active and passive investment by supporting both trading and earn/stake products.
White-glove VIP service: Binance VIP key account client managers provide high-touch VIP services and assistance to wealth managers.
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.”
Binance’s innovative expertise in facilitating the institutional adoption of cryptocurrency assets is shown by the introduction of Binance Wealth. The banking triparty solution, which helps institutional investors reduce counterparty risk by holding their trading collateral in the form of traditional assets with a partner bank, is another of Binance’s industry-first solutions designed to support traditional and institutional users’ transition into digital assets.
For further details, please go to binancewealth.com.
