The largest cryptocurrency exchange Binance has started to offer a new consensus solution for its institutional clients.
Binance Custody, which provides custody services to institutional crypto investors, Binance Mirror today introduced its new solution, which it calls .
Institutional investors, thanks to Binance Mirror From trading services and investment products on this exchange, without having to deposit collateral directly on the Binance exchange. they can benefit.
For this, Binance uses these assets as the basis that institutional investors hold in their Binance Custody wallets. It will reflect on the Binance exchange at a ratio of 1:1.
Binance established Binance Custody in December 2021 as a separate platform from the Binance exchange. Accounts and wallets on Binance Custody use separate systems from those on the exchange.
Binance Custody Vice President Athena Yu said the following about the introduction of Binance Mirror:
“One of the top priorities of institutions is security. They also want to be able to access deep liquidity on the Binance exchange. Binance Mirror brings together the best of both sides.”