您现在的位置是:Binance Report Outlines Outlook For Crypto Brokers >>正文
Binance Report Outlines Outlook For Crypto Brokers
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1838人已围观
简介Crypto exchanges appear to play a key role in helping traditional brokers establish themselves withi...
Crypto exchanges appear to play a key role in helping traditional brokers establish themselves within the industry
Binance, the world’s largest cryptocurrency exchange, has expressed its sentiments regarding the current regulatory environment’s capacity to open up broker participation within the industry.
Teams from Binance Broker and Binance Research put together a report that revealed the struggles traditional brokers have had when it came to keeping up with the new and different needs of the financial market.
The report, entitled What is the Outlook for the Crypto Brokerage Industry?, was published on September 15, on the Binance Research website.
According to the report, regulatory restrictions have prevented traditional brokers from opening spot crypto services. This leaves the role to crypto exchanges, which have managed to establish themselves at the center of the crypto brokerage industry.
“Consequently, large crypto exchanges have launched prime brokerage services to provide institutional investors with custody, block trading, aggregation trading, and other services,” the report added.
Binance notes that prime brokers have traditionally been capable of providing a wide variety of financial services for large players in the industry. These services include trading, cash management, custody, risk management, leveraged trading, stock buybacks and others.
However, they may be hard-pressed to keep up with developments in the crypto industry — and crypto exchanges have already gotten a head start.
“Some crypto exchanges, wallets, and trading terminals have begun prime brokerage businesses. For instance, Coinbase offers prime brokerage starting from custody, whereas Huobi and Bequant offer prime brokerage with [over-the-counter] block trading….”
The report explains that crypto broker service providers have given traditional brokers an opportunity to provide services to institutional participants inside and outside of the cryptocurrency industry, “promoting the lateral expansion of the industry through non-crypto companies offering dedicated crypto trading to their users, which is expected to further lower entry barriers in the industry.”
Binance believes that in the future, the gap between the traditional financial market and the crypto market will narrow.
“With a growing base of retail and institutional users, an expanding market, and the emergence of increasingly specialized functions, a virtuous cycle of growth started,” it explained.
Compliance will also continue to be a crucial talking point from this point onward. The report points to Binance Brokerage as one of the brokerage service providers that are working towards the establishment of a more compliant environment, particularly in their efforts to “leverage liquidity from crypto exchanges to partner brokers and clients conventional and crypto markets, to foster the expansion of the crypto industry as a whole”.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/591937.html
相关文章
Metacade signs terms to list on BitMart
Binance Report Outlines Outlook For Crypto BrokersMetacade is expected to list on BitMart after signing the listing terms.Metacade presale is currentl...
阅读更多
Embattled AEX exchange provides new fund retrieval solution for customers
Binance Report Outlines Outlook For Crypto BrokersThe fund retrieval solution will allow customers to retrieve funds trapped on the platform.The solut...
阅读更多
We are going to see more regulation and consolidation in the industry, says Grayscale CEO
Binance Report Outlines Outlook For Crypto BrokersGrayscale’s CEO says the company has been through the crypto winter before.Sonnenshein expects...
阅读更多
热门文章
- Kyrgyzstan president believes blockchain can lead to fair elections
- CHZ rallies by 15% today as Scoville mainnet draws closer
- Bitcoin Represents Future Of Online Security: Twitter CEO
- Terra to fork and remove UST, Do Kwon says in new rescue plan
- Bank of Canada Announces Job Opening for CBDC
- Avalanche remains above the breakout zone, but where are the buyers?
最新文章
US Senator Toomey says crypto committed no crime, SBF did
Ethereum Classic’s rally faulted
Changpeng Zhao sues Hong Kong’s Bloomberg Businessweek
3 exchange related coins you should consider in August
SBF signs US extradition papers, expected in the US on Wednesday
Decentraland (MANA) surges by nearly 60%