Binance Launches Capital Connect For VIP Users

Binance launched VIP services for high-end investors. (Photo; Doc. Cointimes)

JAKARTA The world's largest crypto trading company, Binance, continues to lead the global financial market with a daily trading volume of more than 38 billion US dollars (Rp559 trillion). One of the efforts to lead the global Binance market launched the Capital Connect.

Currently Binance has more than 120 million registered users trading more than 350 digital assets, Binance has separated investors with high value from getting VIP services and improving the advancement of the crypto and blockchain industry.

With the Capital Connect, Binance is trying to securely target VIP consumers on their trading platforms. It is aimed at helping institutional investors and crypto investment fund managers enter the crypto market. Capital Connect is available for VIP program users such as hedge funds and top investors.

According to Binance's VIP and Institutional Head, Catherine Chen, Capital Connect can help create information transparency standards for market players with various investment needs. That way, the company will provide important information through Capital Connect related to managed assets, performance records, minimal investment numbers, and so on.

Furthermore, Chen also explained that the Capital Connect Binance will prioritize the confidentiality of information related to VIP users until an agreement is reached. That way, investment managers can communicate freely with clients. In this case, Binance will apply high standards for Capital Connect through the process of KYC (Know-Your-Customer) and KYB (Know-Your-Business).

Currently, around 20 fund managers have registered on the Capital Connect. Binance expects more VIP consumers to enter its platform in the future.