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Binance’s New Tool Gives Wealth Managers Enhanced Crypto Options

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2024-05-26 09:52 AM

Crypto exchange Binance has launched Binance Wealth, a crypto exchange solution specifically designed for wealth managers serving high net worth individuals. This innovative platform allows wealth managers to seamlessly facilitate their clients’ investments in cryptocurrencies. Binance Wealth integrates directly with the Binance platform, allowing wealth managers to handle client onboarding, including Know Your Customer (KYC) and Know Your Business (KYB) processes, and provide investment advice on the digital asset market. The platform offers clients flexibility, allowing them to either manage their portfolios themselves or rely on wealth managers’ recommendations, with a client approval process to ensure full control over each transaction. This new service aims to bridge the gap between traditional finance and the crypto sector, contributing to an increase in institutional and private engagement in digital assets.

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