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Binance Teams up With BBVA for Off-Exchange Custody

Crypto exchange Binance has reportedly teamed up with Spain’s BBVA to enable clients to store collateral outside the trading platform. In this arrangement, BBVA — the nation’s third-largest lender — will act as an indepe...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Binance Teams up With BBVA for Off-Exchange Custody
Crypto exchange Binance has reportedly teamed up with Spain’s BBVA to enable clients to store collateral outside the trading platform. In this arrangement, BBVA — the nation’s third-largest lender — will act as an independent custodian, holding client funds in US Treasuries that Binance accepts as margin for trades. The collaboration aims to reduce counterparty […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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