Binance Expands Banking Triparty Custody with Anchorage Digital Partnership on July 1

According to an official statement, Binance and Anchorage Digital announced a partnership on July 1 to expand the Banking Triparty custody product to institutional clients. Institutional clients can now trade on Binance while holding their assets in independent qualified custody accounts managed by Anchorage Digital.

The partnership enables institutional clients to use crypto assets and yield-bearing dollar accounts as collateral while accessing Binance liquidity services, adding Anchorage Digital as a new custody partner to Binance's existing triparty banking model.

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