Bloomberg: Binance is exploring allowing institutional clients to deposit trading collateral in banks

ChainCatcher news, according to Bloomberg citing informed sources, Binance is discussing a proposal that would allow some institutional clients to store trading collateral in banks instead of cryptocurrency platforms, a move that could help reduce counterparty risk.

Informed sources indicate that the world's largest cryptocurrency exchange has discussed a setup with some professional clients that would allow them to use bank deposits as collateral for spot and derivatives trading. Switzerland-based FlowBank and Liechtenstein-based Frick Bank are considered potential intermediaries for this service. (Source link)