Binance, the world’s largest exchange by trading volumes, is shifting its services to target institutional investors. The exchange has announced that it will launch a flagship platform targeting VIP and institutional users.<\/p>\n
This new platform is being launched when the entire cryptocurrency market faces a notable price dip. Institutional investors that usually buy coins in large volumes have also been panicking because of the ongoing recession.<\/p>\n
Buy Bitcoin Now<\/strong><\/span><\/a><\/span><\/p>\n
Your capital is at risk.<\/em><\/p>\n
Despite the ongoing recession across the cryptocurrency market, Binance has proven itself and remained strong. The exchange has not announced any cost-cutting mechanisms such as the ones introduced by its rival Coinbase.<\/p>\n
The exchange recently announced that it has over 2000 open positions. Binance also recently signed an exclusive multi-year partnership deal with Manchester United’s player Christiano Ronaldo.<\/p>\n
The exchange is also seeking expansion to other countries despite regulatory scrutiny. The Binance CEO, Changpeng Zhao, has also said the exchange is exploring moving back into South Korea.<\/p>\n
In May, Binance received regulatory approval in Italy to offer cryptocurrency services. The exchange has also received other licenses in Dubai and Bahrain. France’s regulatory agencies also approved Binance to operate as a licensed Digital Asset Service Provider (DASP).<\/p>\n
Read more:<\/strong><\/p>\n