Binance Launches ‘Capital Connect’ to Match Investors and Funds

1 year ago 82

To solve the problems of cryptocurrency funds

Major crypto asset (virtual currency) exchange Binance announced on the 10th that it has launched “Capital Connect,” a platform that provides new services.

If you log in with your Binance account, you can browse the Capital Connect platform, but only for “Binance VIP” users. The purpose of Capital Connect is to match investment fund managers and institutional investors.

#Binance VIP is excited to announce the launch of Capital Connect.

A platform for Binance VIP-level users that facilitates connections between Investors and Investment Managers.

Find out more https://t.co/dz1PhbJy0a pic.twitter.com/1ThtMEYYcc

—Binance VIP & Institutional (@BinanceVIP) May 10, 2023

connection: What is Binance, the world’s largest virtual currency exchange?

Information on various funds is posted on this platform. Information such as the investment strategy, investment amount, and minimum investment amount of each fund is described, and investors interested in the fund can contact the manager. The name of the fund is not mentioned and initial contact will be anonymous for both parties.

Capital Connect is free to use. Investors can obtain fund information and use it to diversify their portfolios. On the other hand, fund managers have the advantage of being able to raise awareness of their own funds and develop new customers.

Binance said in its announcement that fund managers and institutional investors are challenged by a lack of disclosure and networking efficiencies. It explains that it developed Capital Connect to provide information under certain standards and improve investment efficiency on a unified platform.

In addition, Catherine Chen, head of “Binance VIP and Institutional”, which provides services to professional traders and institutional investors, told the virtual currency media “The Block”, “In the past year or so, I have not traded. The number of houses is increasing rapidly,” he said.

Rather than trading cryptocurrencies themselves, these investors are looking for funds to manage them on their behalf. This increased demand seems to be behind the birth of Capital Connect.

connectionBinance Launches New Features for Institutional Investors with Cold Wallet Assets

Conditions for use

Matching and investing through Capital Connect is separate from the Binance platform and does not involve Binance.

Investors who want to use it need to create an account on Binance and follow the procedures to become a Binance VIP user. Also, it is a condition of use that there is a balance of 100,000 dollars (about 13.4 million yen).

On the other hand, fund managers also need procedures to become Binance VIP users. You can also post information on Capital Connect if you pass the fund’s screening or provide past investment performance.

connection: “Binance JAPAN (provisional)” to start service around June this year

What is Binance

Operates a major virtual currency exchange with a large number of traded stocks, trading volume, and registered users. In addition, we are developing a wide range of businesses such as the activities of the venture capital department, the provision of educational content, and philanthropic activities. In November 2022, it announced its entry into the Japanese market.

Cryptocurrency Glossary