Binance announced a new service, dubbed ‘Binance Mirror,’ an off-exchange settlement solution that enables institutional investors to access trading and investment products within the exchange ecosystem without having to post collateral directly on it.

According to the official press release, institutions can lock a specific amount of their asset balance in Binance Custody’s cold storage facility and mirror it onto their exchange account with a 1:1 balance. The platform highlighted that user assets remain secure in their segregated cold wallet for “as long as their Mirror position remains open on the exchange, which can be settled at any time.”

The move will essentially enable investors to continue trading even during volatile sessions without getting hit by massive outflows on an exchange.

(By Chayanika Deka)