Binance US, the American subsidiary of the world’s largest cryptocurrency exchange, has partnered with Prime Trust, a US-based financial institution, to provide custodial services for its customers.
The move comes as Binance looks to expand its operations in the US, where it currently offers trading in a limited number of digital assets.
NOTE: WARNING: Binance US does not use Prime Trust. It is important to research any cryptocurrency exchange before entering into a transaction, as exchanges can vary in terms of security and reliability. In addition, it is essential to properly secure your account and protect your funds by using two-factor authentication whenever possible.
Under the partnership, Prime Trust will provide custodial services for Binance US customers, meaning that it will hold and protect their digital assets.
This is a significant move for Binance, which has been looking to gain a foothold in the US market. The partnership with Prime Trust will allow it to offer a wider range of services to its customers in the US.
It is also a positive move for Prime Trust, which has been looking to expand its reach in the cryptocurrency space. The partnership with Binance US will give it access to a large number of potential customers.
7 Related Question Answers Found
Binance US, the American dollar-denominated arm of the world’s largest cryptocurrency exchange by volume, has selected Prime Trust LLC as its exclusive provider of custodial services. This is a big deal because it’s the first time that Binance, which is headquartered in Malta but has offices all over the world, has chosen to work with a US-based partner for its custodial needs. Up until now, Binance has used partners like Coinbase and Xapo for its custodial services.
Prime Trust is a US-based custodian and depository institution that is licensed to provide custody and related services for digital assets. Prime Trust has been operational since 2018 and is one of the most popular choices for those looking for a digital asset custodian. Binance is a digital asset exchange that allows users to trade cryptocurrencies.
Binance US is a digital asset exchange created by international cryptocurrency exchange, Binance. The company launched the US-based exchange in September 2019. Binance US is designed to comply with United States regulations, while providing the same features as the original Binance exchange.
Binance, one of the world’s leading cryptocurrency exchanges, does in fact use Prime Trust LLC to custody its users’ assets. Prime Trust is a qualified custodian that is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Binance has chosen to use Prime Trust because of its high-security standards, cold storage capabilities, and insurance coverage.
Binance US is a popular cryptocurrency exchange that allows users to buy and sell various digital assets. The platform is known for its user-friendly interface and wide range of features. However, some users have raised concerns about the legitimacy of the exchange.
Binance US is a US-based cryptocurrency trading platform launched in 2019. The platform is operated by Binance Holdings Ltd.
, the world’s largest cryptocurrency exchange by trading volume. Binance US is available to residents of all 50 states and Puerto Rico.
Binance is the world’s largest cryptocurrency exchange, with over $1 billion in daily trading volume. It is also one of the most popular exchanges, with millions of users worldwide. So, is Binance trustworthy?
