The post inance Unveils Binance Wealth for Wealth Managers appeared on BitcoinEthereumNews.com.

Key highlights: Binance Wealth allows wealth managers to provide crypto advisory for high-net-worth clients while maintaining client control. The platform offers a seamless experience with a TradFi-like interface and a wide selection of supported tokens. Wealth managers benefit from Binance’s exclusive VIP support and dedicated account management services. Binance’s new platform targets growing demand for crypto in wealth management Binance, one of the world’s best crypto exchanges, has announced the launch of Binance Wealth, a platform tailored for wealth managers seeking to offer digital asset advisory services to their high-net-worth clients. As the first crypto exchange to introduce such a service, Binance Wealth is positioned to meet the rising interest among high-net-worth clients who seek exposure to digital assets like Bitcoin and beyond, with the direct guidance of their trusted advisors. Through Binance Wealth, wealth managers apply to onboard and subsequently provide support to their clients during the Know Your Customer (KYC) and Know Your Business (KYB) verification process. This setup allows advisors to recommend strategies and products while clients retain control over their investments, mimicking traditional wealth management with the added flexibility of cryptocurrency investments. According to Binance, this model addresses a gap in the market by offering private wealth clients a secure pathway to diversify their portfolios with digital assets, with insights from experienced advisors in the crypto space. Catherine Chen, Head of Binance VIP & Institutional, commented: “As investors worldwide recognize the potential of digital assets, we are responding to wealth managers and their clients asking for a solution to more easily access crypto. Unlocking capital inflow is key to making digital assets mainstream but there has long been a lack of traditional infrastructure for the private wealth segment to gain exposure to crypto. Binance Wealth will reduce the entry barrier for more market participants to access…

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Filed under: News - @ October 30, 2024 8:20 am