Binance Partners with BBVA to Offer Off-Exchange Asset Custody – Boosting Security & Trust

Binance has officially announced a groundbreaking partnership with global banking giant BBVA to offer off-exchange asset custody for its institutional clients. This strategic move will allow customers to store their crypto assets with BBVA instead of keeping them directly on the Binance platform.

Under the agreement, BBVA will safeguard customer assets and accept U.S. Treasuries as collateral for Binance trading operations. This marks a significant step toward reducing counterparty risk and improving investor confidence in centralized exchanges.

Industry experts believe this collaboration sets a new benchmark for security in the crypto space, especially after recent global concerns over exchange insolvency risks. By introducing bank-grade custody solutions, Binance is aiming to attract more institutional traders and high-net-worth investors into its ecosystem.

“We are committed to offering secure and innovative trading solutions for our clients. Partnering with BBVA reflects our vision for a more resilient and trusted crypto market,” said a Binance spokesperson.

The move also comes shortly after Binance’s recent Proof of Reserves report, which showed all major assets — including BTC, ETH, USDT, and BNB — are over-collateralized. With this new custody arrangement, Binance is reinforcing its position as a leader in transparency and user protection.

📌 Key Takeaways:

Assets stored with BBVA instead of directly on Binance.

U.S. Treasuries accepted as collateral.

Reduced exchange counterparty risk

Stronger institutional trust in crypto markets