Binance exchange has announced its trading support for the U.K. users with a regulated crypto trading platform for both institutional and retail investors.
With this platform, Binance aims to tap the institutional investment market and thereby meet the upcoming demand for digital asset investments within the crypto-sphere.
In line with Reuters, Binance is reportedly reviewing 65 digital assets that it plans to list on its exchange at launching. Investors will be able to trade these assets simply against native currencies along with pounds and euros.
Being a regulated exchange, Binance’s trading platform will function under the supervision of the U.K. Financial Conduct Authority.
The platform will permit direct deposits and withdrawals from bank accounts employing the United Kingdom Faster Payments Service as well as the Single Euro Payments Area network. This might also purportedly make the crypto trading experience on the platform smoother for all investors.
The director of Binance U.K. ‘Teana Baker-Taylor,’ added that with more arising maturity within the crypto market, Binance is creating more investment options for traders to participate within the crypto ecosystem. They’re building “products that earn a yield for participation, like staking and passive savings,” she said.
Institutional investment Investors & Binance
In line with Binance, its platform saw a rise within the number of institutional clients – that initially jumped to 47% since Q4 2019 – along side a concomitant surge in trading volumes.
Institutional volumes, Binance claimed, had grown by 113% during the very primary quarter of 2020 on spot transactions. It also registered a rise of 217% on futures investment. Adding further, Taylor said:
“Interest and participation within the UK digital asset markets is growing; not just in-depth with its current participants, but also in width .”