Binance has made a new deal with BBVA, a big bank from Spain.
This deal allows Binance users to keep their money or assets (like Bitcoin or even U.S. government bonds) outside Binance, in BBVA’s secure storage.
Why this is important for you:
Safer for users : If something happens to Binance, your Bitcoin is still safe in BBVA’s custody.
Trusted storage : BBVA is an independent bank, so it adds extra security.
Margin trading option — Even if your assets are stored with BBVA, Binance can still use them as “margin” for your trading.
This move is meant to increase trust in Binance, especially after the company faced extra checks and rules from governments in recent years.
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