United

Dubai

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-announces-new-features-for-exclusive-clients/" data-wpel-link="internal">Binance Announces New Features for Exclusive Clients</a> 
The <a href="https://en.coin-turk.com/metamask-partners-with-mastercard-to-launch-crypto-card/" data-wpel-link="internal">cryptocurrency</a> exchange <a href="https://en.coin-turk.com/new-claim-that-raises-fear-for-binance-it-will-be-worse-than-ever/" data-wpel-link="internal">Binance</a> has maintained a dominant market share for years and is set to announce significant updates this week. Due to an event in Dubai, the exchange has the potential to unveil various announcements. The first major news has arrived with the details of a new product. 
<h2 style="text-align: justify" id="recent-binance-developments">Recent Binance Developments</h2> 
After a long absence, CZ will participate in a cryptocurrency program at the Binance Dubai event this week. Recently, he completed his sentence in the United States and is no longer managing Binance. Furthermore, according to the decision of the new CEO and team, he will not hold any management positions in the company moving forward. 
<h2 style="text-align: justify" id="introduction-of-binance-wealth">Introduction of Binance Wealth</h2> 
The newly announced service, Binance Wealth, will initially be available in select regions. This new offering allows high-net-worth individuals to connect easily with the exchange by creating sub-accounts for their exclusive clients. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-401622 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/binance.png" alt="" width="1428" height="736"> 
Exclusive clients can create sub-accounts on Binance by having their asset managers submit KYC documents for each customer. This service can be considered an integration of traditional asset management systems into the <a href="https://en.coin-turk.com/analysts-warning-about-stablecoin-in-crypto-markets/" data-wpel-link="internal">crypto</a> realm. Catherine Chen, Head of Binance VIP &amp; Institutional, explained that Binance Wealth is not a financial advisory service but a technological solution designed to meet the needs of wealth managers. 
<blockquote> 
 “Customers will maintain full control over their assets held in relevant wallets under their Binance accounts. User assets can be viewed on our Proof of Reserves page. Of course, this depends on the licenses/exemptions of the asset managers and whom they can service initially.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/binance-announces-new-features-for-exclusive-clients/" data-wpel-link="internal">Binance Announces New Features for Exclusive Clients</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Binance Announces New Features for Exclusive Clients

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