Odaily Planet Daily News: Binance has announced that its third-party custody service has officially launched and is fully operational. This third-party custody service is designed for institutions and allows for the custody of fiat currency and traditional financial (TradFi) collateral in regulated third-party banks, while enabling users to trade on Binance. The latest version lowers the entry threshold, requires no trading volume commitments, and waives service fees on staked funds until December 31, 2025. It is reported that Binance's third-party bank custody is a high-trust custody framework designed for institutions. It allows clients to hold more traditional collateral assets (such as fiat currency and U.S. Treasury bonds) in dedicated company accounts at regulated third-party banks, without needing to transfer these assets to the trading platform. Meanwhile, clients can still obtain equivalent trading limits on Binance, allowing them to engage in trading.