Binance is considered one the popular crypto exchanges not just because it has superior technology or higher trading volumes, but it has portrayed capabilities of almost accurately anticipating the times to come ahead. Well, the prediction cycle is still on and according to the recent post, the exchange is prepping itself for managing institutional money as it anticipates a larger number of institutional investors to increase their allocation into cryptos.
Getting ready for Corporate accounts and High-volume trades
According to the latest medium post published by Binance, the exchange has highlighted various aspects of the business which it has already incorporated and is improving to accommodate institutions and the large volume of capital that they will be getting in with themselves. The exchange mentions that it is evolving so that it can cater to the needs of its user base as it anticipates that larger number of institutional investors would increase their allocation to cryptocurrencies in days to come.
Binance mentions that it has been continuously improving on its technological backends and process so that it can keep the exchange running smoothly even at peak periods. It also mentions that the recent closure of a strategic investment round led by Vertex Ventures will be helping the exchange in facilitating a future fiat-to-crypto gateway in Singapore which the exchange believes is an important milestone in its path to future growth in preparation for the institutional adoption of cryptocurrency.
Apart from focus on technology the exchange has also taken progressive steps in the development of comprehensive bespoke services for the most demanding high-volume crypto traders around the world. With institutions in mind, in July 2018, the exchange has launched its tiered trading fee discount program, which establishes eight different levels of discounts for corporate account holders,