Binance's third-party custody service enables secure storage of fiat and collateral in regulated banks, enhancing institutional trading without volume commitments or service fees until 2025.
Binance has officially launched its third-party banking custody solution for institutions, allowing secure storage of fiat and traditional collateral in regulated banks. The new service eliminates trading volume commitments and waives service fees on staked funds until December 31, 2025, enabling clients to retain traditional assets like fiat and U.S. Treasury bonds in dedicated accounts while trading on the platform.