Binance Unveils 'Binance Wealth' for Elite Customers
Summary
Binance has launched Binance Wealth, a service for wealth managers to onboard high-net-worth individuals (HNWIs) to trade and stake digital assets. Wealth managers will manage client onboarding through KYC documentation and create individual sub-accounts for each client. The service is not a financial advisory but a technological solution to support wealth managers in managing crypto exposure. Binance Wealth is available globally, excluding the U.S., with a focus on Asia and Latin America. Client assets are held in allocated sub-accounts, allowing clients full control. Standard trading fees apply, with no discounts compared to the exchange's prime broker service.
