Binance's cryptocurrency trading platform for United States-based users, Binance.
US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users.
US will now offer institutional liquidity for Tagomi's users, including quant funds, venture funds, family offices, individual retirement accounts and high-net-worth individuals.
Tagomi's customers will also receive increased access to Binance.
Commenting on the development, Catherine Coley, CEO of Binance.
"Few countries can rival the liquidity and demand of U.S. markets. Large funds, venture capitalists and family offices in the U.S. need secure access to participate in the crypto market as global players. Binance.US is tilting the odds in their favor by offering Americans broader asset exposure."
In a move to further expand its offerings, Tagomi procured a BitLicense from the New York State Department of Financial Services in late March, which made it legally authorized to trade virtual currency assets and to engage in money transmission in the state.
In September, Tagomi enabled its users to lend or borrow Bitcoin and Ether to facilitate long or short trades.
On Nov. 20, news broke that U.S.-based Trade Station - a subsidiary of Coincheck owner Monex Group - is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto.
The firm will provide crypto traders with access to aggregated, multiple liquidity pools, thereby improving price execution.
Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi
Published on Nov 21, 2019
by Cointele | Published on Coinage
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