Binance launches Capital Connect service for its VIP clients
Binance launches Capital Connect service for its VIP clients
Cryptocurrency exchange Binance announced that it has launched the Capital Connect service to facilitate communication between its VIP clients and investment fund managers.
Capital Connect is a free service for all existing Binance VIP clients, subject to regional restrictions. Users can apply for access to the platform as an investor or investment manager.
According to the Binance website, investors can browse various funds, and diversify their portfolio allocation, and select Investment Managers based on strategies, redemption terms, commissions, AUM and Sharpe ratios. The Investment Managers can raise awareness of their funds and attract new clients.
Users must complete a mandatory KYC/KYB check to participate in the program.
"With Capital Connect, we want to offer a free service that addresses the pain points of information disclosure and networking inefficiencies that institutional investors and fund managers face today. Capital Connect does this by helping to create information standards and reduce inefficiencies through a unified platform," the company said in a statement.
Previously, we wrote that Binance launched the reality show "Build The Block".
Founded in Hong Kong in 2017, Binance is not only one of the largest cryptocurrency exchanges but also a platform for creating cryptocurrency business projects. The crypto exchange has its own platform based on the TradingView toolkit as well as an asset that is used in the Binance ecosystem as an internal payment unit. A maker/taker reward grid is available for active traders.
