According to Mars Finance news, on August 8, it was reported by the Financial Times in the UK that Binance is collaborating with the Spanish bank BBVA to allow customers to custody their assets at the bank instead of on the trading platform. Spain's third-largest bank, BBVA, has recently begun providing services for Binance as one of the few independent custodians. This move aims to alleviate investors' concerns about the security of trading platforms, especially after the FTX bankruptcy incident in 2022. According to the collaboration 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.