#Binance
ATTENTION: Binance launches 'Fund Accounts' for asset managers and reduces the gap between cryptocurrencies and #TradFi i!📝📊📄📈😎🤔
The Fund Accounts from Binance is another example of traditional financial sector solutions integrating into the world of cryptocurrencies, signaling the growing institutional involvement.
After spending the first decade of cryptocurrencies practically on the sidelines, institutional investors are now entering the sector, driven by the launch of exchange-traded funds (#ETFs ) of Bitcoin $BTC , by the rise of tokenization of real-world assets, and by attractive yield opportunities in on-chain lending.
Blockchain companies are also working to bring institutional trading solutions to native users of the crypto universe.
On April 24, the on-chain trading infrastructure provider Theo announced that it raised $20 million to expand its trading platform with institutional standards aimed at serving retail investors. Seventeen investors participated in the funding round, including angel investors from Jane Street, JPMorgan, and Citadel.