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996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/91995.html
相关文章
$8.5 million mini
Binance Report Outlines Outlook For Crypto BrokersBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The obser...
阅读更多
Aiming for carbon neutrality, China launches major carbon capture projects
Binance Report Outlines Outlook For Crypto BrokersBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.China has...
阅读更多
Nervos Community Gears Up for First CKB Halving
Binance Report Outlines Outlook For Crypto BrokersTulum, Mexico, November 17th, 2023, ChainwireCKB, the blockchain of the Nervos Network, is set to ma...
阅读更多
热门文章
- Bank of Brazil’s Payment System May Stunt Crypto Industry
- Autonomous UAV minesweeper will soon join the ranks of the Royal Navy
- Crypto Volumes Up By 88% In Q3 As DeFi Hype Boosted Growth
- $4.3 million raised in presale. Is Shiba Memu set to explode in 2024?
- Colombia’s President Used For Crypto Scam On The Internet
- Ether price closes in on $2k following the Shanghai upgrade
最新文章
SenseTime reveals AI
Shiba Inu's Shibarium hits new milestone, Solana whale moves $11M, Everlodge price rises 150%
Could This Crypto Be The Answer To Curing BNB and Polygon Holder Losses in 2023
AltSignals’ ASI Token Promises Real
XLM price: could key Stellar news help stem bearish flip?
Scientists take inspiration from squids to create alternating materials