Binance.US launches institutional trading offering for high net worth clients and institutional investors
SAN FRANCISCO, CA (November 9, 2020) - Binance.US, America’s home for digital asset trading, launched institutional service through a key partnership with Silvergate Capital Corporation (“Silvergate”) (NYSE:SI), Silvergate Bank, a leader in financial infrastructure for the digital currency industry. This partnership will allow any institutional Binance.US customer to utilize Silvergate's platform to process transactions in real-time 24 hours per day, 7 days per week.
The partnership utilizes Silvergate Exchange Network (“SEN”) to process transactions in real-time 24 hours per day, 7 days per week. Customers can register their accounts today, November 9th, 2020, and instantly tap into the benefits of trading on Binance.US along with Silvergate’s backing.
Chief Executive Officer of Binance.US, Catherine Coley explained, "We are extremely excited to offer Silvergate’s functionality to our users, allowing them 24 hour, 7 days a week trading capabilities. We know how important it is to have a market that is available at all hours and provides a low cost solution for our corporate clients. This is a key part of our mission: to make crypto access easier, more convenient and more efficient every day.”
Alan Lane, Chief Executive Officer of Silvergate spoke to the partnership, “We are thrilled to welcome Binance.US to our rapidly growing Silvergate Exchange Network (SEN). Binance.US’s vision to increase the freedom of money through its powerful cryptocurrency exchange benefits its customers and promotes the growth of the digital asset industry. We are confident the SEN will accelerate their vision and bring value to their business.”
Binance.US currently offers over 50 cryptocurrencies including Bitcoin, Ethereum and regulated trading services in 40 U.S. states. Binance.US is consistently working towards creating better trading experiences for its users with recurring buy, educational series and rapid customer and employee feedback. Since its launch in September 2019, Binance.US has worked hand-in-hand with regulators to add more and more accessibility to users across the U.S.
Binance.US is America's home to buy, trade, and earn digital assets including Bitcoin. We deliver the lowest fees to move USD into over 50 different cryptocurrencies instantly. We continue to evaluate new cryptocurrencies to list on Binance.US that follow our Digital Asset Risk Assessment Framework, community feedback, and market demand. Our mission is to bring financial confidence and crypto literacy to more Americans every day.
Silvergate Capital Corporation (NYSE:SI) is a registered bank holding company for Silvergate Bank, headquartered in La Jolla, California. Silvergate Bank is a commercial bank that opened in 1988 and has been profitable for 22 consecutive years. The Bank has focused its strategy on creating the banking platform for innovators, especially in the digital currency industry, and developing product and service solutions addressing the needs of entrepreneurs. As of September 30, 2020, Silvergate had total assets of $2.6 billion, total deposits of $2.3 billion, and total stockholders’ equity of $284 million.
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