Binance will provide crypto asset managers with a “fund account” similar to traditional financial transactions

PANews reported on April 24 that according to CoinDesk, Binance is providing special accounts for digital asset managers, allowing them to pool investors' assets to make the crypto fund management business more like a traditional financial experience. Binance said on Wednesday that this comprehensive "fund account" introduces the concept of universal net asset value (NAV) per unit used by buy-side companies, providing each fund with a clear and traceable profit and loss situation, solving the problem of the lack of common market standards in the field of crypto asset management. Qualified asset managers need to obtain licenses in their respective jurisdictions, and they can create multiple fund accounts and deploy different trading strategies for each fund.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
8 hour ago
12 hour ago
13 hour ago
13 hour ago
15 hour ago
17 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读