Cryptocurrency custody service provider Anchorage has launched a custody-exchange network in partnership with multiple firms, including Binance.US.
The custody-exchange platform seeks to promote a fair market structure, safe investor participation, and no needed pre-funding.
Binance US affiliate is part of the new platform, with commitments from CoinList, Strix Leviathan, Blockchain.com, and Wintermute.
Anchorage’s co-founder Diogo Monica says that the step in implementing an institutional custody vault was informed by engagements with exchanges, liquidity providers, and network custodians.
Binance.US CEO Brian Shroder commented that enterprises have an increasing demand for custody, liquidity, and enhanced market access. The executive said that the integration would remove the setbacks in institutional trading.
Anchorage became part of the Alternative Investment Management Association, a policy group for the fund management industry, in March.
Source: Coindesk