The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets will be mirrored on their Binance exchange account with a 1:1 balance.
Binance Mirror Allows Institutional Investors Access to Liquidity via Assets Held in Cold Storage
On Monday, Binance announced the launch of an off-exchange settlement solution called “Binance Mirror.” Essentially, institutional investors can lock collateral by connecting their qualified cold wallet with Binance Custody. The assets can then be mirrored on their Binance exchange account.
Binance notes that assets in the cold storage will be kept safe as long as the mirror position remains open on the Binance exchange, which can be settled at any time. The crypto exchange also detailed that assets held in Binance Mirror
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