Binance VIP & Institutional

"You think compliance is expensive. The costs of non-compliance are even more expensive." #Binance Chief Compliance Officer Noah Perlman shared his views with The Information on the influence of compliance professionals in ensuring the sustainable development of the digital asset ecosystem. With our industry continuing to mature, so does the growing importance of compliance frameworks and principles in unlocking new opportunities and protecting our users. As a leading player in the industry, Binance has invested significant resources and continues to take important steps to front these efforts. Adherence to regulation is a strategic advantage to accelerating growth and providing the best and safest user experience for our clients. Full article (paywall): https://lnkd.in/eUGrpRZt

Throwback to the #Binance VIP meetup we hosted in Barcelona at the European Blockchain Convention a few weeks back. In-person engagement with our clients and partners is of the utmost importance to us. That's why we always strive to celebrate the relationships we nurture and our clients' continued support wherever we can, whenever we can! And we've got a busy schedule ahead to carry on doing so. Can't make our meetups and still want to get in touch to learn more about our VIP and institutional services? Get in touch: https://lnkd.in/dUNpzE2M

Last week's market news showcase major strides in crypto adoption, from new venture capital investments and products at the institutional level to Web2 developments in blockchain gaming: 1?? Bahrain Launches Bitcoin Fund: In partnership with digital asset firm ARP Digital, the National Bank of Bahrain has launched its inaugural Bitcoin investment fund, specifically tailored for institutional investors in the Gulf Cooperation Council region of the Middle East. 2?? One More Spot XRP ETF: Crypto investment firm Canary Capital has filed an S-1 registration statement with the U.S. SEC for a spot XRP ETF. This filing makes it the second company to pursue an XRP-based ETF after Bitwise recently announced its own. ? 3?? Venture Capital Flows: Asset Manager VanEck has launched VanEck Ventures, a $30 million fund focused on investing in early-stage crypto and AI startups. The fund highlights several key investment themes, including tokenized assets, internet-native financial marketplaces, and payment systems based on stablecoins and tokenized capital markets. 4?? Hedge Funds are Bullish on Crypto: According to a report by the Alternative Investment Management Association (AIMA) and PwC, nearly half (47%) of traditional hedge funds now have investments in cryptocurrency, up from 29% the previous year. 5?? Blockchain Gaming: Gaming company Ubisoft is set to release "Champions Tactics" on October 23rd, marking its first game to feature blockchain-based, tradable in-game assets. This announcement signifies a crucial advancement towards the convergence of Web2 and Web3 gaming worlds. Explore the complete list of Weekly Market Highlights from Binance Research:? https://lnkd.in/gNj_NTzt

On October 10th, the U.S. Bureau of Labor Statistics (BLS) reported a 2.4% year-on-year increase in the CPI index, slightly surpassing the expected 2.3%. This marks the sixth consecutive month of declining CPI inflation, indicating a steady trend towards cooling inflation. Here are two key takeaways from Binance Research’s Macro Watch: U.S. CPI Inflation ?? 1?? This is the lowest CPI reading since February 2021, just 0.4% above the Fed’s 2% inflation target. Despite being slightly higher than market expectations, attention now turns to the likelihood of a further rate cut in November. 2?? The next FOMC meeting is scheduled for November 6-7, immediately following the U.S. Presidential Election on November 5th. Additionally, the release of new data points, such as PCE and PPE later in the month, could significantly alter the odds of a rate cut in the coming weeks. Discover more details below ??

In a featured interview with INNOVATION Magazine, #Binance VIP & Institutional Sales Manager Michela Silvestri addresses our user-centric approach to building advanced products tailored to the evolving needs of private and institutional clients. "We're constantly engaging with our clients across the world," Michela shares, "collecting feedback to better understand what pain points we can solve from product and service offering perspectives, and how we can continue lowering entry barriers for more private clients and institutions to participate in digital assets." She goes on to share how Binance is setting the standard for regulatory compliance to increase crypto adoption worldwide, as well as personal career advice for professionals aspiring to join our industry. Read the full interview: https://lnkd.in/eZc9h3dE

Amid fluctuating market conditions, specific token sectors with limited supply continue to command premiums, a trend reported by #Binance Research in their latest industry observation coverage. Other insights include: 1? VC Fund Strategy Adjustments: Venture capital funds are adapting their investment strategies to reflect these evolving market conditions, particularly with attention to tokens characterized by "Low Float & High FDV." 2? Concentration of Ownership in Projects: The concentration of token ownership poses risks (example from one project in Figure 2), including potential exploits and governance issues. Ensuring decentralized control and broad participation is crucial for the integrity and resilience of crypto projects, fostering long-term trust and stability. 3? Transparency in Fund Use and Governance: Transparency remains a critical issue, with industry examples like Polkadot and the Ethereum Foundation driving efforts to improve governance and ensure stakeholder trust. In a similar light, the report cautions that project rebrands should be driven by legitimate business needs and not to be used to obscure or hide certain actions. Read the full report: https://lnkd.in/gDjTaYDz

#Binance General Counsel Eleanor Hughes was recently interviewed by Law360 to share updates on her legal team's work and how Binance has served as a catalyst for positive advancements in the industry. In her interview, Eleanor also underscores her team's commitment to serving crucial cases with no precedence, in support of more crypto legislations, and her plans for growth where regulatory expertise will continue to play a central role over the next 5-10 years. Read the full interview (paywall): https://lnkd.in/gdnH-VDp

Binance's 20th regulatory milestone is a significant statement and result of our consistent commitment to compliance, in Argentina and globally. Holding the most regulatory approvals of any crypto exchanges, Binance continues to pave the way for wider and safer adoption of digital assets for regular and institutional users, setting the standard for security, compliance, and user protection. Read more: https://lnkd.in/d2cik3bp

Last week's highlights reveal significant advancements in digital asset management and transactions for financial institutions and investors, plus a crucial reminder on asset safety: 1? Visa introduced the Visa Tokenized Asset Platform (VTAP) to help banks issue and manage fiat-backed tokens on blockchain networks, with BBVA set to pilot on Ethereum by 2025. VTAP aims to seamlessly integrate fiat currencies into blockchain systems, enhancing programmability and interoperability. 2? Bitwise has filed for the first spot XRP ETF with the SEC, offering direct exposure to XRP's value, minus expenses. This move becomes the third crypto-based spot ETF to be filed following their bitcoin and ether ETFs. Additionally, Ripple has received in-principle license approval from the Dubai Financial Service Authority, allowing it to establish a presence in the UAE for cross-border payment services. 3? Starting in 2025, banks in North America, Europe, and Asia will use SWIFT's network for live trials of digital asset and currency transactions, covering payments, FX, securities, and trade. These trials aim to demonstrate Swift's capability to transfer value across over four billion accounts in 200 countries, integrating digital assets into the financial system. 4? A total of $753 million was lost across 155 incidents in Q3, according to a report published by on-chain monitoring firm Certik. Despite 27 fewer incidents, this marks a 9.5% increase in value lost QoQ. Phishing attacks and private key compromises made up most of the incurred losses, valued at a whopping $668 million combined. Investors must leverage all available security measures to safeguard their accounts, as many incidents are preventable with proper precautions. Stay informed and protected by learning how here: https://lnkd.in/gttXCUwK

"ETFs gave crypto the legitimacy it needed to be seen as an asset class like any other," #Binance Head of Regional Markets Vishal Sacheendran shared in a recent interview with EXAME. Addressing this monumental shift that saw more institutions increasingly allocate capital to digital assets, he also underscored Binance's continued growth throughout the year, recording a 60% surge in institutional volume YoY, 33% increase in AUM and reaching 230M+ registered users overall. Vishal also highlighted the importance of balanced regulatory frameworks and wider education across the globe, particularly in regions like Latin America, where a proactive approach is driving crypto adoption. Read the full interview: https://lnkd.in/dfNXcHJK