Binance Custody launches non-exchange settlement solution Binance Mirror

ChainCatcher news, institutional digital asset custody provider Binance Custody has officially launched Binance Mirror, its off-exchange settlement solution that allows institutions to access trading and investment products within the Binance exchange ecosystem without having to submit collateral directly on the exchange.

By utilizing Binance Mirror, institutions can lock a specified amount of asset balance in their Qualified Wallet (Binance Custody cold storage solution) and mirror it to their Binance exchange account at a 1:1 balance. As long as their Mirror positions remain open on the Binance exchange, their assets can be securely stored in an isolated cold wallet and can be settled at any time. (source link)