Binance's institutional custody solution, Ceffu, has emphasized that its clients' digital assets in cold wallets are kept separate through segregated accounts and wallets. This statement comes after Reuters accused Binance of commingling user funds in accounts held at Silvergate Bank, which Binance executives have denied. Ceffu allows clients to trade crypto assets on Binance exchange securely from their cold wallet and is the only institutional custodian integrated with Binance.
Additionally, Binance CEO Changpeng Zhao has announced the implementation of cold wallet crypto custody to enhance user asset security.
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