Binance VIP Users Gain Access to Investment Managers via Capital Connect Launch
Binance announced the launch of a new platform, "Capital Connect," to cater to its VIP and Institutional customers.
The world-largest crypto exchange announced a blog post on its official page on May 10.
However, these customers must meet set requirements to qualify, and regional restrictions apply to using the platform.
According to the exchange, Capital Connect aims to foster mutually beneficial connections between investors and investment fund managers.
As such, investors can access vital strategies from the managers to aid their investment decisions.
They can also browse the available funds' options on the platform to diversify their portfolio allocations.
Further, investors on Capital Connect can choose investment managers based on their respective Sharpe Ratios, investment strategies, AUM, redemption terms, and fees.
On the other hand, investment managers can gain more clients by creating awareness of their funds and the benefits to investors.
However, the platform is only accessible to VIP-level investors who pass their identity verifications through KYC requirements.
Also, investors already part of Binance Institutional can access Capital Connect.
They will also meet the capital requirement, which Binance stated must be "an initial minimum deposit balance of $100K."
As for the Investment Managers, they must complete their Know Your Business (KYB) requirement on Binance to gain access to the new platform.
They must also work with reputable Fund Administrators who will verify their past return data and share the record with Binance.
But generally, participation for investors and Investment managers also depends on whether a customer is from an approved region.
Binance has continually expanded its products and
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