- Its purpose is to facilitate communication between VIP clients and investment fund managers
- The platform will be completely free
Cryptocurrency exchange Binance announced about the launch of a new platform called Capital Connect, which is designed for VIP clients. Company representative Katherine Chen said that the purpose of the newly created platform is to facilitate communication between VIP clients and investment fund managers. She added that many insisted on the creation of such an organization.
“Over the past 12 months, the exchange has seen a very rapid growth of non-trading type of investors who do not want to trade cryptocurrencies on their own, but who want to partner with active fund managers to place their capital – this is how Capital Connect was born” Katherine stated.
Capital Connect will be a free tool. Binance will not charge a fee for providing services, however, the exchange will benefit. Katherine Chen explained:
“As a rule, where do investment managers trade? Obviously on the platform that offers the highest liquidity. So in the end we win.”
In total, Binance has more than 128 million users, but VIP clients make up a very small part. However, they contribute a very significant amount or activity to various product lines.
Capital Connect will not be available to users in the United States and other restricted countries.