Binance launches a platform for VIP clients

Binance launches a new platform for VIP users. Binance Institutional offers professional investors, among other things, OTC services and a brokerage program.

The new product, called Binance Institutional, includes over-the-counter (OTC) services, asset management and custody services, a brokerage program, and a liquidity program, the company said in a statement.

Binance Institutional is targeted at a wide range of institutional investors, including asset managers, hedge funds, liquidity providers, miners and high net worth individuals.

Despite the bear market, Binance has recently continued to expand in a number of areas. While many firms have recently announced layoffs, Binance seems to be moving in the opposite direction, even recently announcing that it is looking to hire for 2,000 new positions.