Binance, Anchorage Digital Launch Triparty Custody Service for Institutions
Summary
- Global cryptocurrency exchange Binance has partnered with digital asset bank Anchorage Digital to offer a bank-based triparty custody service for institutional investors.
- Through the partnership, institutional clients can use Binance trading services while keeping their assets in custody at Anchorage Digital.
- The triparty custody structure uses an independent custodian to manage assets, a service designed to strengthen asset protection and trading stability for institutional investors.
Forecast Trend Report by Period
Global cryptocurrency exchange Binance has partnered with digital asset bank Anchorage Digital to offer a bank-based triparty custody service for institutional investors.
Cointelegraph reported on July 30 that the partnership will allow institutional clients to use Binance’s trading services while keeping their assets in custody at Anchorage Digital.
Under the triparty custody model, the exchange does not directly hold client assets. Instead, an independent custodian manages the assets, a structure designed to strengthen asset protection and trading stability for institutional investors.
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