Binance presents Capital Connect for VIP customers

Von Krypto News Österreich

Binance introduces a new platform that is supposed to combine institutional investors with managers of crypto investment funds.

At the start, the new platform with the name "Capital Connect" Binance VIP users will be available, including asset and fund managers, brokers, hedge funds, family offices and wealthy private individuals, liquidity providers and companies.

The free service from Binance for VIP customers

According to the official blog post, the service will be free of charge for all existing Binance VIP customers in non-limited regions. This essentially means that the crypto exchange does not raise any fees or commissions. Users of the Binance VIP level that have completed the verification process can apply either as an investor or as an investment manager or as both to access the platform.

As an investor, users can search various funds and diversify their portfolio allocations. You can also select investment managers based on strategies, return conditions, fees, managed assets (AUM) and Sharpe Ratios.

Investors are the only ones that can initiate connection inquiries. Approach managers can then search the investors' profiles before accepting a connection. Appendix administrators must present records of the monthly returns checked by reputable fund managers. This data can help investors understand the previous performance of a fund.

Binance, on the other hand, will not participate in conversations between the parties after successful connection. The crypto exchange also said that it would not guarantee investment returns.

"With Capital Connect, it was one of our goals, investors and investment managers to offer a new way to connect. We hope that this will also demonstrate our commitment to support the growth and the introduction of digital assets."

fud and expansion

The latest offer is carried out at a time when Binance is exposed to massive pressure on the part of the US regulatory front.

The investment of money and resources in global compliance last year helped Binance to receive approvals in several jurisdiction in Europe, including France, Italy, Lithuania, Spain, Cyprus and Poland

The company led by CZ also plans to get back into the Japanese market after June this year by taking over the regulated crypto exchange Sakura Exchange Bitcoin.

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