• Binance has launched a platform called Capital Connect to facilitate connections between institutional investors and crypto investment fund managers.
• Existing Binance VIP customers in non-restricted locations will be able to use the service at no cost.
• Verified Binance VIP users may apply to utilize the platform as an Investor or Investment Manager.
Binance Introduces Capital Connect Service for VIP Clients
Binance recently announced the launch of Capital Connect, a new platform that will initially be accessible only to its most privileged customers such as asset and fund managers, brokers, hedge funds, family offices and high net worth individuals, liquidity providers, and companies. This platform is created to facilitate connections between institutional investors and crypto investment fund managers.
Eligible Customers for Free Access
Existing Binance VIP customers in non-restricted locations will be able to use the service at no cost which implies that cryptocurrency exchange won’t take a cut of their transactions.
Investor & Investment Manager Options
Verified Binance VIP users may apply to utilize the platform in one of two capacities: as an Investor or as an Investment Manager. Investors will have access to a wide range of funds from which they can choose when balancing their portfolios while Investment Managers can review investor profiles before approving connection requests by considering strategy, redemption options, fees, AUM, and Sharpe ratios offered by each firm. Monthly returns must also be documented and confirmed by trusted fund administrators which investment managers must do.
No Promises on Returns
Binance stated that it would not promise any returns on investments made via this platform as well as stay out of any further communication between the two parties after the link has been made once initiated through this service.
Compliance Regulations
The cryptocurrency exchange said that it had spent time and money on worldwide compliance over the last year leading them towards obtaining regulatory permits in a number of European countries though facing wrath in U.S from SEC