Exchanges· ★★★· neutral·

Binance opens Capital Connect to individuals with $1M+ in assets

  • —Access is granted to clients with a balance of $1 million or more or verified external assets of the same amount
  • —The number of portfolios on the platform rose from 106 in May to 212 in September
  • —The number of managing teams increased from 35 to 77 over the same period
  • —The platform runs on Portfolio Account infrastructure with NAV and risk metric calculations
Why it matters: Binance is expanding from trading into asset management, increasing competition with traditional managers for wealthy clients.
Source: TokenPost
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