Binance Launches ‘Binance Mirror’ Enables Institutions to Invest and Trade with Cold-storage

Crypto exchange Binance has moved to improve its institutional trading services. By January 16, Binance announcedOfficial Launch of Binance Mirror It is an off-exchange settlement solution that allows institutional investors to invest and trade using cold-storage.

The newly launched Mirror service is based on Binance Custody, a regulated institutional digital asset custodian. and involves cold-storage assets through 1:1 margin held in Binance accounts.

Binance emphasized that the new solution will provide more security. This gives traders access to the exchange ecosystem without posting collateral directly on the platform, stating:

“Their assets remain safe in segregated cold-storage wallets as long as their mirror positions remain open on the Binance Exchange where they can be settled at any time.”

“We created Binance Mirror last year. And it has been tested with our institutional users. which user reviews are positive. And we are happy to officially announce and market it now,” said a Binance spokesperson.

It is unclear whether Binance plans to offer similar services to retail investors.

refer : LINK

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