Binance Explores Letting Some Traders Keep Collateral at a Bank
VIDEO: The World's Smartest Robot Is Living in Vancouver
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.
Up Next
Binance Explores Letting Some Traders Keep Collateral at a Bank
Author: Christina Patel
Last Updated: 1698684003
Views: 963
Rating: 3.6 / 5 (93 voted)
Reviews: 92% of readers found this page helpful
Name: Christina Patel
Birthday: 1982-07-23
Address: USS Duncan, FPO AP 07789
Phone: +3525253776541625
Job: Insurance Agent
Hobby: Photography, Archery, Beekeeping, Hiking, DIY Electronics, Embroidery, Coffee Roasting
Introduction: My name is Christina Patel, I am a radiant, forthright, frank, honest, capable, intrepid, transparent person who loves writing and wants to share my knowledge and understanding with you.