Binance, the biggest crypto exchange in the world, is launching a new platform specifically for wealthy clients and the financial advisors who manage their money.
What is Binance Wealth?
Binance Wealth is designed to make it easier for wealthy individuals to invest in crypto. The platform will offer:
- Simplified onboarding: Wealth managers can easily bring their clients into the world of crypto.
- Investment recommendations: Wealth managers can give their clients advice on which cryptocurrencies to invest in.
- Enhanced security and compliance: The platform will be built with high security and regulatory standards.
- Personalized trading: Wealthy clients will get a tailored trading experience.
- Global reach: The platform will be accessible to clients around the world.
- VIP support: Clients will have access to dedicated account managers.
Why is Binance Doing This?
Binance believes that more and more wealthy individuals are interested in crypto. But, there haven’t been many platforms designed specifically for them. Binance Wealth aims to change that by making it easier for high-net-worth clients to get into crypto.
Catherine Chen, Head of Binance VIP & Institutional, said, “We are responding to wealth managers and their clients asking for a solution to more easily access crypto.” She added, “Binance Wealth will reduce the entry barrier for more market participants to access this new asset class and help bridge crypto and traditional finance.”
Remember: This information is not financial advice. Always do your own research before investing in any cryptocurrency. /p>
