Binance Launches "Capital Connect" Platform Designed Specifically for VIP Users
One of the biggest exchanges in the world now is Binance. It has dethroned many more established cryptocurrency companies with its growth and development since its inception. Users have access to a wide range of options on the platform, including lending, staking, buying and selling, and much more.
The most recent information is that Binance has introduced a new platform for VIP users. VIP users will be able to communicate with investment fund managers using this portal. The new platform, called "Capital Connect," is intended to create links between users and asset managers.
The VIP head of Binance discusses platform demand
In an exclusive conversation with The Block, Catherine Chen, the head of Binance VIP and Institutional, discussed the tremendous need for such a platform. The exchange has seen a sharp increase in "the non-trading type of investors in the past 12 months or so," who only wanted to work with asset managers to store their money, according to Chen. She added that it was a major factor in Capital Connect's development.
Chen further emphasized that Capital Connect will not be subject to any fees or charges from Binance. She claimed that, in the long run, the trade would be advantageous.