On April 24, 2025, Binance, the largest cryptocurrency exchange by trading volume, launched Fund Accounts — an innovative solution for crypto fund managers. This tool allows for the pooling of investor assets into omnibus accounts, simplifying portfolio management and enhancing trading efficiency. According to Catherine Chen, head of Binance VIP & Institutional, Fund Accounts are a plug-and-play solution that reduces administrative costs and allows a focus on executing strategies.
The solution borrows principles from traditional finance, offering a universal net asset value (NAV) indicator to track profits and losses. It is suitable for funds with assets ranging from $1 million to $20 million. Fund Accounts facilitate scaling without increasing operational costs, eliminating the need for separate accounts for each investor. The platform provides transparency through proof of reserves and security thanks to Binance's robust infrastructure.
This step strengthens the connection between cryptocurrencies and traditional finance, attracting institutional investors. Binance continues to lead by offering tools that simplify access to the crypto market.
#Binance #FundAccounts #Cryptocurrency #CryptoFunds #Blockchain #Investing #MiningUpdate
Subscribe to #MiningUpdates to stay updated on crypto market news! 🚀