Binance, a leading cryptocurrency exchange, has just announced the debut of its mirror platform, Binance Mirror. Binance Custody, a reputable digital asset custodian that adheres to all applicable regulations, has launched its first off-exchange settlement service.
Binance exchange now allows institutions to access investment and trading products through Binance without directly sharing any collateral. With Binance Mirror, users can lock a particular asset amount in the Qualified Wallet.
Afterward, institutions can mirror the cold storage wallet until the Mirror position stays open on Binance. The exchange allows users to settle their position at any moment. The 2022 Q4 witnessed an increase in the adoption of Binance Mirror.
(By Roxanne Williams)
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