CandleFocus Binance Unveils 'Binance Wealth' for Elite Customers
2024-10-29
Author: Content Editor
Binance, the largest cryptocurrency exchange by trading volume, has launched Binance Wealth, a service that allows private client managers to onboard high-net-worth individuals and provide them access to a wide range of digital assets. Wealth managers will handle the onboarding process by submitting KYC documentation and creating individual sub-accounts for clients. Binance Wealth is not a financial advisory service but a technological solution designed to meet the needs of wealth managers. The service is available through the Binance.com platform but is restricted in certain jurisdictions, including the United States. The initial focus of Binance Wealth will be on Asia and Latin America. Clients retain full control of their assets in their respective wallets on the Binance platform. The VIP wealth offering does not come with cheaper fees, like Binance's prime broker Link service.
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