Binance has partnered with Banco Bilbao Vizcaya Argentaria (BBVA) to secure client collateral off its exchange, marking a significant move in crypto custody. This arrangement allows traders to keep their collateral, primarily U.S. Treasuries, with BBVA, which Binance accepts as margin for trades. The deal reflects Binance's effort to rebuild trust following substantial regulatory challenges, including a $4.3 billion fine for anti-money-laundering failures. BBVA, Spain's second-largest bank, adds a layer of safety and trustworthiness to Binance's trading infrastructure by segregating client funds from the exchange's operational risks. This partnership underscores a broader shift in the crypto market towards adopting traditional finance standards, highlighting a gradual maturation of market infrastructure and increasing institutional trust in digital asset trading platforms.

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