【Binance collaborates with Spanish bank BBVA to allow customers to store assets outside the exchange】 According to Golden Finance, as reported by the UK (Financial Times), Binance is collaborating with Spain's Banco Bilbao Vizcaya Argentaria (BBVA) to allow customers to have their assets custodied at the bank rather than within the exchange. This is a new initiative by Binance to appease investors following a record $4.3 billion fine imposed by U.S. authorities in 2023. BBVA, Spain's third-largest bank, has recently begun to provide services to Binance as one of the few independent custodians. This move aims to alleviate investor concerns about the safety of exchanges, particularly after the FTX bankruptcy incident in 2022. BBVA's brand recognition is higher than that of Binance's existing partners, which may enhance user trust. According to the cooperation arrangement, traders' funds will be held in the form of U.S. Treasury securities at BBVA, while Binance will accept these assets as trading collateral.