Will Binance inspire more exchanges in allowing customers to hold their assets in cold storage wallets? Investors can now post collateral with Binance Custody, which will hold the assets off the internet, with assets becoming accessible once settled.
Binance will allow institutional investors to keep their collateralized crypto used for leveraged positions, off the platform.
The exchange will enable investors to post collateral with Binance Custody, which will hold the assets off the internet, in cold storage wallets, Binance said in aHot vs. Cold Crypto Storage: What Are the Differences? The feature, called Binance Mirror, could be a major blessing for crypto investors trading in the leveraged markets as most crypto traders have to keep their collateral on the exchange for trading. However, using cold storage wallets means users can continue to trade crypto during volatile sessions without massive outflows on an exchange.The collapse of Binance's
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