Binance is enhancing its asset security measures by partnering with Spanish banking giant BBVA as a custody provider. This move, reported by the Financial Times, allows Binance to safeguard user funds in BBVA, primarily through US Treasury bonds. Previously, Binance primarily relied on its own platform and Ceffu for asset custody. However, starting last year, the exchange began diversifying its custody options by collaborating with Swiss Signum Bank and FlowBank for select large clients. This partnership with BBVA marks a further step in providing users with diverse and secure custody solutions. While neither Binance nor BBVA have officially commented on the arrangement, this development signifies the increasing integration of traditional finance with the cryptocurrency sector. By leveraging BBVA's established infrastructure and regulatory compliance, Binance aims to bolster trust and security within its ecosystem. ```