Binance & BBVA Partner for Off-Exchange Asset Custody
Date: August 9, 2025
Binance has joined forces with Spain’s banking giant BBVA to let customers store crypto assets off the exchange in secure custody. Under the new setup, assets will be held in U.S. Treasuries by BBVA, but still usable as trading margin on Binance.
This approach aims to reduce counterparty risk—a major investor concern after events like FTX’s collapse—while boosting trust in centralized platforms. For traders in Bitcoin (BTC), Ethereum (ETH), and BNB, the partnership could signal a safer trading environment and potentially attract more institutional capital.
Industry watchers see this move as part of a growing trend where exchanges integrate with traditional banks to meet regulatory expectations and improve user security.
