Binance Will Allow Institutional Investors to Keep Collateral Off the Exchange: Bloomberg
Binance will allow institutional investors to keep their collateralized crypto used for leveraged positions off the platform, Bloomberg reported on Monday.
The exchange will let investors to post collateral with Binance Custody, which will hold the assets off the internet in cold storage wallets, the report added.
The feature will be a major blessing for crypto investors trading in the leveraged markets as most crypto traders have to keep their collateral on the exchange for trading, however by using cold storage wallets users can continue to trade crypto during volatile sessions without massive outflows on an exchange.
Binance did not immediately respond to CoinDesk's request for comment.