Binance launches "Fund Accounts" for licensed asset managers.

These omnibus Fund Accounts pool investors' funds and provide the following features:

— Application of various trading strategies for each fund

— Calculation of universal net asset value (NAV), similar to traditional financial instruments

— Reduction of operational costs

— Increased investor confidence through transparency and verified reserves

This product is primarily aimed at small managers with capital ranging from $1 million to $20 million, who seek to scale with minimal barriers.