PANews reported on October 29 that Binance announced the launch of a cryptocurrency trading solution for wealth managers, "Binance Wealth", which aims to support wealth managers and their high-net-worth clients to expand their crypto asset investments. As the first such solution in the industry, Binance Wealth closely integrates the crypto market with traditional wealth management needs, providing wealth managers with comprehensive support from customer identity verification (KYC/KYB) to investment recommendations.
Binance Wealth's advantages include deeper liquidity support, leading spot and derivatives markets, and ETH staking opportunities. Its unified investment dashboard allows wealth managers to monitor client investments in real time and provide an experience similar to traditional finance, while ensuring that end customers have the final decision-making power on each transaction.
