Binance Moves Customer Funds to BBVA in New Custody Setup

Binance takes another step towards controlling damage by collaborating with BBVA, Spain The second largest bank. The new arrangement allows customers to publish US Treasury bonds as a margin, which BBVA will carry outside the stock exchange. that it clear Try to separate the user’s money from the risk of exchange, and it appears that Binance tries to clean his image.

Responding to the continuous scrutiny

This step tracks intense organizational pressure. After a fine of millions of dollars last year and the ongoing questions about the safety of the user’s fund, Binance has a large space for its operation. Allowing the bank that has a trading organization seems to be a deliberate effort to rebuild confidence without waiting for permission.

Merchants keep their money with the bank

The idea is simple. Users deposit their guarantees directly with BBVA. This money goes to the US Treasury bonds, and is accepted by Binance as a trading margin. The stock exchange does not touch the money. this A major The shift from the days when the platforms collected the client’s assets and transported them behind the scenes.

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Traditional banks begin to take the wheel

BBVA is not only any institution. that it Deep in Europe The financial system already provides encryption products in Switzerland. Through partnership with a bank of this size, Binance sends a message that it is ready to work within the system – at least on paper. this It adds to a slow direction for encryption companies that tend to finance the old school of the structure.

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Time lined with politics momentum

The global organizers ultimately became serious about the coding nursery rules. In both the United States and European UnionThe authorities are looking at how to manage customer assets. Binance-Bbva arrangement occurs just as these conversations hit new equipment. that it Not a coincidence.

A layer of safety for users

For merchants every day, this means that there is something less anxious. Instead of bank solvents, they know that their guarantees are imprisoned in a separate banking account and supported by government bonds. If Binance has a problem, the money should remain without prejudice. This type of protection wall is missing from space for a long time.

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Can this set a new standard?

Other platforms may have notes. If this model is working, it can push the industry away from the risky self -fraught and towards the banks supported by the bank. The idea of dividing the nursery from trading is not new, but it quickly acquires traction with the high market and high compliance costs.

What comes after that for Binance and BBVA

The great unknown is whether Binance will put this widely or keep it limited. If absorption is strong, banks can enter the image. Currently, this is a test. But if you hold, it may reshape how to do the exchange of encryption completely.

In the wake of the organizational reaction and industry collapses, Binance tries a more careful play. BBVA mode responsible for guarantees, that it Trying to show users and organizers that it can develop. The risks are high, and this may be one of the most powerful movements that the stock market has taken.

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Main meals

  • Binance cooperates with BBVA to prepare the American cabinet used as a commercial guarantee, and separate customer boxes from the stock exchange.

  • Organizational pressure leads the change, after fines and concerns about the previous Binance processing of the user’s assets.

  • The user’s money is kept directly in BBVA and never touch, which reduces the risks of the opposite limb and enhance the user’s confidence.

  • The partnership is in line with global organizational trends on custody custody, especially in the United States and the European Union.

  • If it succeeds, the bank -backed incubation model can affect other exchanges to adopt the safer asset management practices.

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