Binance Explores Letting Some Traders Keep Collateral at a Bank
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Bloomberg Originals
- Money held at bank would be collateral for margin trading
- Crypto funds have pushed for change after FTX failure
Binance is discussing a proposal to let some of its institutional clients keep their trading collateral at a bank instead of with the crypto platform, a step that could help reduce counterparty risk.
The world’s largest crypto exchange has spoken to some of its professional customers about a setup that would allow them to use bank deposits as collateral for margin trading in spot and derivatives, according to four people familiar with the matter.
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Binance Explores Letting Some Traders Keep Collateral at a Bank
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