Binance is offering crypto-as-a-service for TradFi institutions, providing access to its spot and futures markets, liquidity pools, custody, and compliance tools.
Crypto exchange Binance is launching its own crypto-as-a-service solution for licensed banks, brokerages, and stock exchanges looking to offer crypto services to their clients.
The “white-label solution” will enable these TradFi institutions to tap Binance’s spot and futures markets, liquidity pools, custody solutions, and compliance tools without needing to build their own infrastructure “from the ground up,” Binance said in a statement on Monday.
It comes as Binance said “client demand for digital assets has never been higher,” noting that for TradFi institutions, offering crypto access is “no longer optional.” One of Binance’s biggest competitors, Coinbase, also started offering a crypto-as-a-service solution in June.
