Sakura

Connect

Binance is rolling out a new platform that seeks to connect institutional investors with crypto investment fund managers.
At launch, the new platform, dubbed &#8216;Capital Connect,&#8217; will be available to Binance VIP-level users including asset and fund managers, brokers, hedge funds, family offices and high net-worth individuals, liquidity providers, and corporations.
<h2 id="binance-8217-s-free-service-for-vip-clients">Binance&#8217;s Free Service for VIP Clients</h2>
According to the official <a href="https://www.binance.com/en/blog/vip/binance-vip-and-institutional-launches-capital-connect-connecting-investors-and-investment-managers-4081079031133794475" target="_blank" rel="noopener" data-wpel-link="external">blog post,</a> the service will be free for all existing Binance VIP clients in non-restricted regions. This essentially means that the crypto exchange will not charge any fee or commission. Binance VIP-level users who have completed the verification process may apply for access to the platform as either an Investor or an Investment Manager, or both.
As an Investor, users will be able to browse various funds and diversify their portfolio allocations. They can also pick Investment Managers based on strategies, redemption terms, fees, assets under management (AUM), and Sharpe Ratios.
Investors are the only ones who can initiate connection requests, following which Investment Managers can scan through the investors&#8217; profiles before accepting a connection. Investment Managers are required to provide records of monthly returns verified by reputable fund administrators. This data can assist investors in referencing a fund&#8217;s past performance.
Binance, on the other hand, will not be involved in any discussions between parties after a successful connection has been established. The crypto exchange also said it will not guarantee any investment returns.
<blockquote>&#8220;With Capital Connect, one of our goals has been to provide a new way for Investors and Investment Managers to connect. We hope this will also demonstrate our commitment to supporting the growth and adoption of digital assets.&#8221;</blockquote>
<h2 id="fud-and-expansion">FUD and Expansion</h2>
The latest offering comes amidst Binance facing massive pressure on the US regulatory front.
Pouring money and resources into global compliance over the past year has helped Binance win approvals across several jurisdictions in Europe, such as France, Italy, Lithuania, Spain, Cyprus, and Poland.
The CZ-led company is also <a href="https://cryptopotato.com/this-is-when-binance-japan-will-officially-launch/" target="_blank" rel="noopener" data-wpel-link="internal">planning</a> to reenter the Japanese market after June this year via its acquisition of regulated crypto exchange Sakura Exchange BitCoin.
The post <a href="https://cryptopotato.com/binance-unveils-capital-connect-for-vip-clients/" rel="nofollow">Binance Unveils Capital Connect for VIP Clients</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Binance Unveils Capital Connect for VIP Clients

Table of Contents

CryptoPotato_News

Other articles published on May 10, 2023

Amidst AI wars by Google and Microsoft, Apple might be a step ahead even with ‘silence’

Up to 50% of North Korean Missiles Funded With Stolen Crypto: White House

Tether's Q1 2023 Consolidated Reserves Report Confirms All-Time High Surplus of $2.44B

Crypto Trading Competition: Share $3000 bonus pool!

Polygon and Inspect Join Forces to Boost Billion-Dollar NFT Market and Drive Community Adoption t...

DeGate DEX Launches Mainnet Beta: Trade Easy, Sleep Easy

Join our free newsletter for daily crypto updates!