Binance Explores Collaborations with FlowBank and Bank Frick for Enhanced Security Measures and Collateral Solutions

According to reports, Binance is exploring a potential solution to reduce counterparty risk for its institutional clients. Instead of keeping their trading collateral on the crypto platform, these clients would be allowed to store it at a bank. Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service. The move is a response to demands from institutional digital asset traders for increased security measures following the collapse of FTX last year, which caused significant losses.



Binance has reportedly engaged in discussions with select professional customers to enable them to use bank deposits as collateral for margin trading in spot and derivatives markets. The details of any potential partnerships with FlowBank and Bank Frick have not been disclosed publicly.



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