Crypto exchange Binance has introduced Binance Wealth, a specialized solution tailored for wealth managers catering to high-net-worth individuals. This cutting-edge platform empowers wealth managers to facilitate seamless investments in cryptocurrencies for their clients. Binance Wealth directly integrates with the existing Binance platform, enabling wealth managers to efficiently manage client onboarding processes, including Know Your Customer (KYC) and Know Your Business (KYB) protocols, while also offering investment guidance within the digital asset landscape. The platform provides clients with the flexibility to either manage their portfolios independently or seek recommendations from their wealth managers, with a client approval mechanism in place to maintain complete control over each transaction. This innovative service is designed to connect traditional finance with the cryptocurrency sector, fostering greater engagement from both institutional and private investors in digital assets.
