Binance Custody is renamed Ceffu

Binance Custody is renamed Ceffu
The world's leading cryptocurrency exchange Binance is now named its Custody department in Ceffu. If the name seems familiar to you, this is because it is inspired by the popular Secure Asset Fund for Users (Safu).
According to the official press release, the step is intended to underline the company's commitment to put the security of its customers' assets in the foreground of his solutions.
Binance Custody becomes Ceffu
The move also includes a transition from the existing domain for Binance Custody to a new one.
It is worth noting that Binance Custody was once introduced as a dedicated and independent custody platform with the aim of addressing the security challenges with which institutions are confronted.
The publication also notes that:
While we, as a Custody partner of Binance, continue to feel committed to the ecosystem, this renaming represents an important milestone in the development of our company to continue to offer independent solutions, including separate cooling stores, nativable staking and trust services.
As part of this renaming, there are no changes to the terms and conditions of our services or the solutions that are already available to our customers.
institutional custody and timetable for 2023
as cryptopotato As reported in January, Binance Custody should enable institutions to invest and act as a safer alternative with cold cryptocurrency storage.
At that time the stock exchange was noted:
Security has top priority for institutions that also want the deep liquidity that Binance Exchange offers. Binance Mirror brings the best of both worlds. We have spent most of the last year to refine its processes to help our customers release the liquidity of their assets held in our cold store. We are very excited to see where we are today and can hardly wait to present our upcoming new functions that will improve the functionality of Binance Mirror even further. - said Athena Yu, Vice President of the Binance Custody.
Despite the turbulence in the industry, Binance seems unimpressed and even expressed plans to increase the number of employees by up to 30 % in the course of 2023.
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