One of the largest crypto exchanges, Binance has just launched Binance Institutional which aligns with CEO Changpeng ‘CZ’ Zhao’s commitment to further expand during the bear market.
According to the company, this new product focuses to upgrade its offerings and services to institutions which will also help the space move forward.
What Will Binance Institutional Offer And Why Is It Different?
On their website, they have stated they will offer over-the-counter liquidity and execution for algorithmic trading, access to instant pricing, advanced custody solutions, a suite of broker products, and a liquidity program for traders in spot and futures markets.
The product is currently live and according to CZ, the company is planning to hire more employees which is only the start of the plan that the team has in place.
Currently, Binance Institutional is available through its main website but is not available to customers of its U.S. branch, Binance.US.