Binance has completed its 36th quarterly BNB burn, permanently removing more than 1.6 million BNB from circulation in one of the largest scheduled supply reductions for the token to date.
The burn destroyed 1,615,827.795 BNB, valued at roughly $931.7 million at the time of the event. The tokens were sent to the BNB Chain dead address through the network’s Auto-Burn mechanism, continuing Binance’s long-running plan to reduce the total BNB supply over time.
Token burns are familiar in crypto, but they are not all equal. A small burn can be little more than marketing. A burn close to $1 billion is harder to ignore, especially when it involves one of the largest exchange-linked assets in the market.
For BNB holders, the important question is whether supply reduction can keep supporting the token’s long-term economics while the broader Binance ecosystem continues to evolve.
Reference: BNB Chain
BNB’s burn programme is one of the central pieces of the token’s economic design.
The idea is simple: reduce supply over time and make the remaining tokens scarcer. In theory, that can support long-term value if demand remains stable or grows. In practice, the market still has to weigh burns against trading activity, regulatory pressure, Binance ecosystem growth, and broader crypto sentiment.
That is why each quarterly burn gets attention.
A burn does not automatically make a token rise. Markets are forward-looking, and traders often know a burn is coming. But the size of the latest event is still significant. Removing more than 1.6 million BNB from circulation gives investors a concrete supply-side update at a time when exchange tokens are under closer scrutiny.
BNB is not just another altcoin. It sits close to Binance, BNB Chain, trading fees, ecosystem incentives, DeFi activity, and user behaviour across one of crypto’s largest platforms.
That makes the burn both a tokenomics event and an ecosystem signal.
The Auto-Burn mechanism matters because it makes the process less discretionary.
Earlier token burns across crypto sometimes felt like manual announcements designed to create attention. Binance’s Auto-Burn model is intended to create a more predictable supply-reduction schedule based on network and market conditions.
That predictability can help investors understand the token’s long-term supply path.
According to the available project materials, the 36th burn sent BNB to the dead address on BNB Chain, permanently removing the tokens from circulation. The supporting BscScan address provides the on-chain record of the burn destination.
This kind of transparency is useful because tokenomics claims need verification. A project can say tokens are burned, but the market wants to see the movement on-chain.
For BNB, the burn programme also ties into the broader commitment to reduce supply toward the long-term target. That gives the token a structural scarcity narrative, even if price still depends on demand.
The burn is important, but BNB still needs demand.
A shrinking supply can support a token only if users, traders, developers, and ecosystem participants continue to find reasons to hold or use it. That is why the BNB Chain ecosystem matters alongside the burn schedule.
BNB is used across exchange-related activity, gas fees, ecosystem participation, and DeFi applications. It is also tied to the perception of Binance’s strength as a global crypto brand. If Binance and BNB Chain remain active, burns can reinforce the token’s economic case. If demand weakens, burns alone may not be enough.
That is the balance traders will be watching.
The latest burn comes as exchange tokens face a more mature market. Investors no longer look only at supply reduction. They want to know whether the ecosystem is growing, whether regulatory risk is manageable, and whether the token has durable utility beyond speculation.
For BNB, the answer remains closely tied to Binance’s broader reach and BNB Chain’s continued activity.
The immediate price reaction to a burn can be noisy.
Some traders buy before the event and sell after. Others treat the burn as long-term background rather than a short-term catalyst. Market conditions also matter. If Bitcoin and Ethereum are under pressure, even a large BNB burn may not drive a sustained move.
The more important signal is whether BNB can maintain demand over time as supply continues to decline.
If BNB Chain activity grows, exchange usage remains strong, and token utility stays relevant, the burn programme can strengthen the long-term narrative. If activity weakens, the supply story becomes less powerful.
That is why the 36th quarterly burn should be read as part of a bigger picture.
It is a serious supply reduction, not a magic price lever. It reinforces the tokenomics case, but it does not replace the need for ecosystem growth.
For now, Binance has delivered another large burn on schedule. The next test is whether the market treats that reduced supply as meaningful in a more selective crypto environment.
This article is based on information from BNB Chain and BscScan.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information released by BNB Chain. at BNB Chain
US crypto traders have spoken. Learn which exchanges lead the market and why.
Have you ever wondered why so many US crypto traders keep coming back to the same exchanges, even when new platforms are launching all the time?
It’s not just about having the lowest fees or the longest list of cryptocurrencies. Most traders stick with an exchange because it feels reliable. They want to know their assets are secure, trades are executed quickly, and the platform is easy to use whether they’re making their first purchase or trading every day.
The truth is, the exchanges that earn lasting trust all have a few things in common. They prioritize security, deliver a smooth user experience, and offer the features traders actually need instead of overwhelming them with unnecessary complexity.
In this blog, we’ll take a closer look at the crypto exchanges US traders prefer and, more importantly, explore what makes them stand out. If you’re curious about what separates the market leaders from the rest or you’re planning to build a cryptocurrency exchange of your own you’ll discover the key features and insights shaping today’s crypto trading landscape.
Crypto traders don’t choose an exchange based solely on brand recognition. Their decisions are influenced by several practical factors that directly affect their trading experience.
Security remains the highest priority. Exchanges that implement multi-factor authentication, cold wallet storage, encryption, and continuous monitoring naturally gain more trust. Since cyber threats remain a concern across the crypto industry, traders prefer platforms with a proven security record.
Another deciding factor is regulatory compliance. US users are more comfortable with exchanges that follow KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Compliance builds confidence and reduces uncertainty for both individual and institutional investors. Beyond security and compliance, traders also appreciate fast order execution, competitive fees, high liquidity, responsive customer support, and intuitive interfaces that simplify trading.
Popular cryptocurrency exchanges share several features that keep users engaged over time. Entrepreneurs planning to build their own platform should pay close attention to these essentials.
A high-performance trading engine processes buy and sell orders with minimal latency. Fast execution helps traders capitalize on market opportunities while improving the overall trading experience.
Liquidity directly impacts how easily users can buy or sell digital assets without major price fluctuations. Many successful exchanges integrate liquidity solutions to ensure smooth trading even during periods of high market activity.
US traders expect access to a wide range of cryptocurrencies. Offering established coins alongside carefully selected emerging tokens provides greater flexibility for different investment strategies.
Reliable crypto wallet integration allows users to deposit, withdraw, and store digital assets securely. Supporting both hot wallets and cold storage strengthens overall platform security.
Today’s traders expect seamless experiences across desktop and mobile devices. Responsive applications with real-time notifications help users stay connected to the market wherever they are.
Security is no longer a feature, it’s an expectation.
Leading crypto exchanges invest heavily in infrastructure that protects user assets and sensitive information. Common security practices include encrypted data transmission, cold wallet storage for the majority of digital assets, multi-signature wallets, DDoS protection, continuous security monitoring, and regular vulnerability assessments.
Risk management systems also monitor suspicious activity and automatically flag unusual transactions. These proactive measures help reduce fraud while protecting customer accounts.
A professional Crypto Exchange Development Company incorporates these security layers from the beginning, ensuring businesses launch platforms that inspire confidence among users and regulators alike.
Operating a cryptocurrency exchange in the United States requires careful attention to regulatory standards. Compliance is not simply about avoiding penalties it also helps establish long-term credibility.
Modern crypto exchange software typically includes KYC verification, AML monitoring, transaction tracking, audit logs, and reporting capabilities that simplify compliance processes. Entrepreneurs who prioritize regulatory readiness during development avoid expensive modifications after launch while creating a safer environment for their customers.
The most successful exchanges didn’t become industry leaders overnight. They focused on solving real user problems while continuously improving their platforms.
New businesses entering the market should prioritize user experience before adding advanced features. Simple registration, quick verification, intuitive navigation, and transparent fee structures encourage long-term customer retention.
Scalability is another important lesson. As trading volume grows, the platform should continue delivering consistent performance without interruptions. Investing in scalable infrastructure from day one reduces operational challenges later. Customer support also plays a major role. Fast responses to technical issues, account questions, and transaction concerns help build lasting relationships with users.
The demand for digital assets continues to expand across retail investors, institutions, and global businesses. As cryptocurrency adoption increases, more entrepreneurs are exploring opportunities to launch specialized trading platforms targeting niche markets or specific regions.
Whether focusing on spot trading, derivatives, peer-to-peer trading, or decentralized exchange functionality, businesses need reliable technology that supports future growth.
Working with an experienced Crypto Exchange Development Company provides access to blockchain expertise, custom exchange development, liquidity integration, API connectivity, advanced security implementation, and ongoing technical support. This significantly reduces development risks while accelerating time to market.
Selecting the right development partner is just as important as defining your business model.
Look for a company with proven experience in crypto exchange development, blockchain technologies, and secure software architecture. Review their previous projects, security practices, customization capabilities, and post-launch support services.
The ideal development partner should understand regulatory requirements, integrate modern trading features, provide scalable infrastructure, and offer flexible solutions that align with your long-term business goals. A transparent development process with regular communication also ensures your vision is translated into a reliable cryptocurrency exchange platform.
The crypto exchanges that continue to earn the trust of US traders aren’t successful by chance. They focus on what users value most,strong security, reliable performance, easy navigation, and compliance with industry standards. These factors play a much bigger role in user retention than simply offering more trading pairs or lower fees.
For anyone planning to launch a cryptocurrency exchange, there’s a lot to learn from today’s market leaders. Understanding what keeps traders coming back can help shape a platform that’s built for long-term success. With the right strategy, technology, and guidance from an experienced Crypto Exchange Development Company, businesses can create a secure and user-friendly exchange that meets the expectations of modern crypto traders.
US Crypto Traders Have Spoken: Here’s Which Exchanges They Use the Most was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
AscendEX has ceased all operations effective July 1, 2026, and told users it cannot guarantee full recovery of their balances, raising serious concerns about the exchange’s liquidity. The exchange published its official notice on July 6, five days after halting operations, citing MiCA compliance requirements, a failed strategic transaction, and deteriorating market conditions as the main reasons behind the crypto exchange shutdown.
The July 6 notice outlined the exchange’s financial challenges in unusually direct language. “We relied on an agreed strategic transaction that was to provide liquidity to grow the platform, and the counterparty did not perform; wider crypto market conditions have added further pressure,” AscendEX said. The exchange added that it is assessing available options for account holders while cautioning that it cannot guarantee withdrawal timing or recovery amounts.
— Coin Bureau (@coinbureau) July 9, 2026
JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK
Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure.
The company’s statement indicated that current liquidity issues may restrict users from… pic.twitter.com/am7MLyBhFg
MiCA also played a role in the decision. The EU’s Markets in Crypto-Assets regulation came fully into effect on July 1, and AscendEX does not hold authorization under that framework. However, the exchange also pointed to financial and operational pressures, suggesting multiple factors contributed to its closure rather than regulation alone.
Discover: The Best Crypto to Diversify Your Portfolio
On-chain investigator ZachXBT publicly raised concerns on June 26 after receiving multiple reports of delayed withdrawals from AscendEX users. His review of the exchange’s publicly labeled hot wallet addresses found very low balances across ETH, USDT, USDC, and SOL.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
According to reports citing ZachXBT’s Telegram post, the exchange’s hot wallets appeared insufficient to cover multiple seven figure withdrawal requests reported by users. He advised affected customers to file reports with financial regulators and law enforcement in their jurisdictions and warned against depositing additional funds.
AscendEX has since suspended automated withdrawals, with all requests now subject to manual review. The exchange also stated, “We are not in a position to give assurances about timing or amounts today. No account holder or group of account holders is being given priority outside the documented review process.”
— Coin Bureau (@coinbureau) June 26, 2026
ALERT: ASCENDEX WITHDRAWAL ISSUES SPARK LIQUIDITY CONCERNS
On-chain sleuth ZachXBT flagged AscendEX for delaying user withdrawals while its hot wallets show critical shortages of large cap assets including ETH, USDT, and SOL, raising liquidity concerns.
Some users have… pic.twitter.com/zjMjY6S9cz
AscendEX launched in 2018 as BitMax before rebranding in March 2021. Later that year, the exchange suffered a $78 million hot wallet hack that blockchain security firms attributed to North Korea’s Lazarus Group.
At the time, AscendEX said it would fully reimburse affected users. That response stands in contrast to its current position, where it says it cannot guarantee the timing or amount of any asset recovery. The scale of the current shortfall remains unclear. 
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
The next major development will be whether AscendEX enters a formal insolvency process. Its July 6 notice states, “If any formal insolvency or similar process is commenced, the treatment of unresolved balances or claims may be subject to that process.” While no such proceeding has been announced, the exchange has acknowledged that possibility.
Users with funds on the platform should preserve account records and withdrawal requests. Following ZachXBT’s recommendation, affected customers may also consider reporting their cases to financial regulators and law enforcement in their jurisdictions. For now, withdrawals remain under manual review, and AscendEX has not provided a timetable for resolving outstanding claims.
Discover: The Best Token Presales
The post AscendEX Collapse: MiCA Deadline, Failed Financing, and Empty Hot Wallets appeared first on Cryptonews.
Bitcoin Magazine
Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor
Payward, the parent company of the cryptocurrency exchange Kraken, has asked the Delaware Court of Chancery to enter a final judgment against its former auditor, Mazars USA, after an arbitrator awarded the firm $22 million.
The exchange disclosed the request on July 7 through an open letter from co-CEO Arjun Sethi and a series of posts from co-CEO Dave Ripley.
The dispute traces to December 2023, when Mazars withdrew from Kraken’s 2022 audit days before its completion. Mazars had audited Kraken for three prior years and issued two clean opinions, according to the company.
In writing, Sethi said, the auditor confirmed it had no disagreement with management, no concerns about the firm’s integrity, and no findings of fraud.
Mazars attributed its resignation to legal developments, among them a complaint the Securities and Exchange Commission had filed against Kraken weeks before.
That SEC complaint was dismissed with prejudice, with no penalties and no admission of wrongdoing. Kraken said the abandoned audit cost it years and millions of dollars in legal fees to secure new auditors and reassure banks, regulators, and counterparties. The exchange said it has received a clean audit in each year that followed.
The letters come as Kraken pursues a full European banking license, reportedly through Lithuania, a move that would allow the company to offer traditional banking services across the European Economic Area and potentially become the first cryptocurrency exchange to secure a full European bank license, according to CoinDesk reporting.
The effort is part of Kraken’s broader regulatory strategy as it expands beyond crypto into mainstream financial services, building on milestones including U.S. Federal Reserve payment access and authorization in the UAE.
Sethi placed the episode within what critics call Operation Chokepoint 2.0, a term for what they describe as a coordinated effort by regulators to cut lawful crypto firms off from banking and other services. In December 2022, a year before quitting the Kraken audit, Mazars Group halted proof-of-reserves work for the crypto sector and removed those reports from its website.
The letter cited a chain of actions from 2022 and 2023. On January 3, 2023, the Federal Reserve, FDIC, and OCC issued a joint statement warning that crypto business models raised safety and soundness concerns for banks.
Documents released after a Freedom of Information Act lawsuit showed the FDIC sent at least 25 letters to two dozen banks urging them to pause or refrain from expanding crypto activity. The SEC’s SAB 121 accounting guidance required public companies holding crypto to record those assets on their balance sheets, a step that made custody uneconomical for banks.
The Federal Reserve denied a master account to Custodia, a Wyoming bank built for digital assets. And in March 2023, the payment networks run by Silvergate and Signature shut down within days of each other.
Much of that framework has come undone. The SEC rescinded SAB 121, the banking regulators withdrew the joint statement, and a House committee report concluded that regulators used vague rules and informal pressure to push banks away from lawful digital asset firms.
Sethi also recounted the experience of Kraken founder Jesse Powell, who started the exchange in 2011. In March 2023, federal agents raided Powell’s home and seized his devices in connection with a dispute involving a nonprofit unrelated to Kraken.
After two years, the government closed the investigation, returned the devices, and brought no charges. Powell handed the chief executive role to Ripley, and Sethi joined Ripley in leading the company.
The letter closed with a call for Congress to pass the CLARITY Act, which would establish market-structure rules for digital assets, dividing oversight between the Commodity Futures Trading Commission and the SEC and adding protections for software developers.
The House passed the bill in July 2025 by a vote of 294 to 134, with 78 Democrats in support, and the Senate Banking Committee advanced its version in May.
Sethi contrasted the U.S. timeline with the European Union, where the MiCA framework took effect across member states.
This post Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Sony is putting its name closer to crypto trading in Japan, with Amber Japan being rebranded as S.BLOX as the group prepares a refreshed domestic exchange push.
For more details, visit the official S.BLOX platform.
Japan’s crypto market has never lacked regulation, but it has sometimes lacked consumer brands with the scale to bring digital assets into everyday financial products. Sony changes that equation. A rebranded exchange backed by a household technology name carries a different kind of signal than another small platform launch.
The rebrand does not mean Sony is suddenly turning into a crypto-native company. It does show that the group sees enough long-term value in digital asset trading, custody, and app-based financial services to put resources behind a domestic exchange identity.
That matters in Japan because local crypto firms operate inside a tighter licensing framework than many offshore venues. For users, brand trust and compliance standards are part of the product. For Sony, the challenge is turning that trust into a platform people actually use rather than just a corporate experiment.
S.BLOX is expected to focus on app redesign and service improvements, which is where the story becomes practical. Crypto exchanges do not win users just because a large parent company is involved. They win when onboarding, liquidity, fees, asset selection, and custody feel reliable.
Still, Sony’s move gives the Japanese market a notable new player at a time when regulated crypto access is becoming more important globally. If S.BLOX can combine consumer-grade design with Japan’s compliance framework, it could become a useful test case for how major technology firms enter crypto without looking like tourists.
This article is based on information from S.BLOX.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information from S.BLOX. at S.BLOX
Bitcoin Magazine
Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility is Coming: Report
CryptoQuant’s weekly report, “Incoming Volatility?”, makes a clean, data-backed case that something is about to break.
Bitcoin exchange inflows spiked to roughly 49,000 BTC on June 30 — an extreme reading seen only four other times in 2026. Ethereum inflows blew past 1.25 million ETH the same week. Altcoin deposit transactions hit nearly 45,000 a day, the highest in two months and the exact pattern that front-ran Bitcoin’s slide from $82K in early May to below $58K in late June.
Every one of those signals has historically preceded a directional move, usually down.
And yet, as of Thursday morning, Bitcoin is trading around $61,600 — back above the $60K support the report frames as the line in the sand, and up several thousand dollars from Wednesday’s print near $58,600. The chain is screaming risk-off but the price just shrugged it off.
The most bearish detail in the report isn’t the raw inflow volume — it’s the composition. The average deposit size doubled from 1 BTC to 2 BTC. That’s not retail panic-selling in dribs and drabs; that’s whales and institutions deliberately repositioning coins onto exchanges.
As CryptoQuant’s Julio Moreno notes, a jump in average deposit size is a more bearish tell than high volume alone, because it signals intent rather than noise. When large holders queue up to sell, they usually know something, or think they do.
So why did price go the other way? Because the flows aren’t happening in a vacuum. Bitcoin’s June bleed had less to do with anything crypto-native than with capital rotating out of digital assets and into the semiconductor trade, U.S.-Iran tensions stoking inflation fears, and Strategy trimming its stack.
Mt. Gox moving 10,422 BTC last month revived creditor-selling anxiety ahead of the October repayment deadline. Spot Bitcoin ETFs, meanwhile, have bled billions across a double-digit streak of outflow sessions.
The whales moving coins to exchanges may simply be positioning for that same macro storm and not really causing it.
Thursday’s bounce came courtesy of dovish Fed commentary that eased rate-cut fears. That’s the tell within the tell: in this market, macro is the dog and on-chain flows are the tail.
At the time of writing, Bitcoin is trading at $61,469.98, up $1,322.54 (+2.2%) on the day after bouncing off a 24-hour low of $59,520 and peaking near $62,148 around 10 a.m.
The recovery back above $60,000 — with $32.49B in daily volume and a $1.23T market cap — lines up with the report’s read that $60K is the battleground level, and today the bulls are holding it.
This post Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility is Coming: Report first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
The prop firm industry is growing fast as more people enter trading and funded account programs.
So, instead of building everything from scratch, many companies now use readymade solutions that already include trading platforms, dashboards, risk tools, Prop Firm CRM, and payment systems.
This makes it much easier and quicker to launch a prop firm, but the cost is not the same everywhere. Pricing depends on things like the country of development, platform license, level of customization, and liquidity setup.
In this guide, we break down white label prop firm software rates across different countries and explain what really affects the total cost.
Pricing for white label prop firm software varies based on technical architecture, vendor selection, and overall system complexity. A mix of development effort, licensing structure, and operational requirements costs the most.
Below are the main factors that influence total pricing
>> Developer Location
Costs vary based on the country. Offshore regions reduce expenses, while premium regions offer higher expertise at higher rates.
>> Platform Licensing
MT4, MT5, and cTrader-based solutions include setup and monthly fees that add to the total cost.
>> Customization Level
More custom features, dashboards, and trading rules increase development time and pricing.
>> Liquidity Integration
Connecting brokers, liquidity providers, and trading bridges adds technical complexity and cost.
>> Maintenance & Support
Ongoing updates, bug fixes, and monitoring are required to keep the platform stable.
>> Security & Compliance
Stronger security systems and regulatory requirements increase development effort and cost.
India is a leading destination for cost-efficient software development with a large set of skilled fintech engineers and strong expertise in scalable system design.
Pakistan and Bangladesh are growing outsourcing hubs offering highly competitive pricing and improving technical capabilities in modern web and software development.
Eastern Europe is known for strong engineering depth in fintech systems, algorithmic logic, and secure backend architecture development.
Southeast Asia is an emerging outsourcing region offering development services that balance affordability with consistent execution quality.
Latin America offers a strong nearshore outsourcing advantage for US and global companies due to time zone alignment and smooth communication.
USA and Western Europe represent the premium tier of software development with a focus on enterprise architecture, regulatory compliance, and advanced fintech infrastructure.
The total cost of launching a white label prop firm depends on platform choice, customization level, liquidity setup, and ongoing infrastructure needs.
Below is a clear breakdown of typical investment ranges across different business stages.
Most successful prop firms reduce development and operational costs by using a hybrid infrastructure model instead of building everything from scratch.
Companies use offshore engineers for core development work to reduce hourly costs while maintaining scalable output.
2. Licensed Trading Platforms
Instead of custom trading systems, firms depend on proven platforms like MT4, MT5, or cTrader to save time and reduce build complexity.
3. SaaS-Based Tools
CRM systems, payment gateways, and analytics tools are often integrated as SaaS products to avoid heavy in-house development.
4. Modular System Architecture
Rather than building a single large system, firms use modular components that can be integrated and upgraded independently.
5. Cost Impact
This hybrid approach can reduce overall setup and operational costs by up to 60%, while still maintaining scalability, performance, and flexibility.
White label prop firm software pricing is not determined by country alone.
It depends on a combination of development location, platform licensing model, customization depth, liquidity integration, and overall system complexity.
Businesses that design a clear technical architecture from the beginning can scale faster, control operational costs, and reduce financial risk while entering the market more efficiently.
A Detailed List of White Label Prop Firm Software Rates Across Different Countries was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
Bitcoin Magazine
Anchorage Digital and Binance Launch Off-Exchange Settlement for Institutional Crypto Trading
Anchorage Digital has announced an integration with Binance to bring off-exchange settlement to institutional crypto traders, giving clients access to the world’s largest crypto exchange by volume without surrendering custody of their assets.
The partnership, powered by Atlas — Anchorage Digital’s suite of settlement infrastructure — marks the first off-exchange settlement implementation within that platform. Under the arrangement, institutions can trade on Binance while their assets remain in segregated custody at Anchorage Digital Bank, the first federally chartered crypto bank in the United States.
The structure mirrors how institutional trading works in traditional financial markets, where custody and execution are kept separate. In those markets, assets are held with a custodian and transferred only at final settlement — never sitting on the balance sheet of the trading venue. Crypto has long lacked that separation, requiring institutions to pre-fund exchange accounts and accept counterparty exposure to the venue itself.
“Institutions need crypto market structure that reflects the standards they already rely on in traditional finance,” said Nathan McCauley, co-founder and CEO of Anchorage Digital in a note to Bitcoin Magazine. “Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody.”
The arrangement also allows institutions to pledge both crypto assets and USD accounts as collateral, enabling capital deployment while satisfying trading margin requirements — an approach consistent with workflows at traditional financial firms.
Binance has been building out its institutional infrastructure over the past several years, expanding triparty banking and collateral management offerings for professional clients. The Anchorage Digital integration extends that effort.
“Working with Anchorage Digital gives institutional clients another way to access Binance liquidity while managing custody and collateral through a model that is more familiar to traditional financial markets,” said Catherine Chen, Head of VIP & Institutional at Binance.
Atlas is designed to support a range of institutional workflows beyond off-exchange settlement, including trading, lending, collateral management, and other capital markets functions.
Anchorage Digital says the platform is built for the current phase of institutional crypto adoption, where firms entering the market have compliance, custody, and operational requirements that earlier crypto infrastructure was not designed to meet.
Anchorage Digital is backed by Andreessen Horowitz, Goldman Sachs, KKR, GIC, and Visa, and carries a valuation of $4.2 billion.
In addition to Anchorage Digital Bank N.A., the company operates through Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore, and Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services.
This post Anchorage Digital and Binance Launch Off-Exchange Settlement for Institutional Crypto Trading first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Login