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.

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Author: PA一线

This content is for market information only and is not investment advice.

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