BlockBeats news, on August 8, according to the Financial Times in the UK, Binance is collaborating with Spanish bank BBVA to allow clients to custody their assets with the bank instead of on the trading platform. Spain's third-largest bank, BBVA, has recently started providing services for Binance as one of the few independent custody institutions. This move aims to alleviate investors' concerns about the security of trading platforms, especially after the FTX bankruptcy event in 2022. Under the collaboration arrangement, traders' funds will be held in the form of U.S. Treasury bonds at BBVA, and Binance will accept these assets as trading collateral.