BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Binance Launches VIP Program for Traditional Finance Traders to Foster Crypto Integration

by Matoy
February 28, 2024
in Breaking News, Business, Crypto, DeFi
A A
1
SHARES
Share on TwitterShare on Reddit
  • Binance launched a VIP initiative allowing high-volume traditional finance traders to qualify for VIP status based on external platform trading volume, bridging crypto and traditional finance
  • The initiative instantly upgrades eligible traders to higher VIP levels on Binance for two months, reaching out to niche traditional finance traders
  • The initiative builds on other recent efforts to bridge traditional finance and crypto, like Binance enabling institutional fiat collateral, operating an institutional arm, and Kraken launching an institutional platform after Bitcoin spot ETFs

Binance, one of the world’s largest cryptocurrency exchanges, has announced a new initiative to allow high-volume traders from traditional finance to access its VIP program. This aims to help bridge the gap between traditional and digital assets as cryptocurrencies continue to gain mainstream acceptance.

Details of the New VIP Initiative

According to PR News Wire, he initiative allows new users to qualify for VIP status based on their aggregated trading volume in either crypto or traditional assets on external platforms. Those who meet the volume requirements will be instantly upgraded to a higher VIP level on Binance for two months.

Catherine Chen, Head of Binance VIP and Institutional, announced the successful launch of Bitcoin spot ETFs shows clear demand for crypto from traditional finance, and any gap between the two is closing. The program reaches out to niche traders from traditional finance to attract a broader user base to crypto.

Recent Efforts to Bridge Traditional Finance and Crypto

This VIP initiative is one of many recent efforts to connect traditional finance and crypto:

  • In November 2022, Binance enabled institutional investors to hold fiat collateral with a banking partner
  • It operates an institutional arm for professional traders and firms
  • Kraken recently launched an institutional platform after Bitcoin spot ETFs were approved in the US
  • The ETF approvals marked a landmark for bridging traditional finance and DeFi

As cryptocurrencies become more mainstream, exchanges like Binance are extending their services to high-value traders from traditional finance. This helps introduce more institutional players to crypto and connects the two financial spheres.

Tags: BinanceBusinessDeFi
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Diddy Meme Coin Surges to $180M Before Crashing Amid Legal Turmoil: Will This Impact Sentencing?
Crypto

Diddy Meme Coin Surges to $180M Before Crashing Amid Legal Turmoil: Will This Impact Sentencing?

May 9, 2025
Top 3 Cryptos Set to Soar Under Trump’s Pro-Crypto Agenda
Bitcoin

Top 3 Cryptos Set to Soar Under Trump’s Pro-Crypto Agenda

May 9, 2025
Ethereum ETH Surges 20% as Pectra Upgrade Enhances Network Performance: Is it Too Late to Buy?
Crypto

Ethereum ETH Surges 20% as Pectra Upgrade Enhances Network Performance: Is it Too Late to Buy?

May 9, 2025
PEPE Coin Surges 40% Following Elon Musk Endorsement: Here is What Happened
Crypto

PEPE Coin Surges 40% Following Elon Musk Endorsement: Here is What Happened

May 9, 2025
SOL Futures Open Interest Hits $5.8B, Signaling Market Confidence: Here is What You Need to Do
Crypto

SOL Futures Open Interest Hits $5.8B, Signaling Market Confidence: Here is What You Need to Do

May 9, 2025
SHIB Executive Predicts 1,000% Rally Following Massive Token Burn (Buy Now?)
Crypto

SHIB Executive Predicts 1,000% Rally Following Massive Token Burn (Buy Now?)

May 9, 2025
Load More

Related News

Diddy Meme Coin Surges to $180M Before Crashing Amid Legal Turmoil: Will This Impact Sentencing?

Diddy Meme Coin Surges to $180M Before Crashing Amid Legal Turmoil: Will This Impact Sentencing?

May 9, 2025
Top 3 Cryptos Set to Soar Under Trump’s Pro-Crypto Agenda

Top 3 Cryptos Set to Soar Under Trump’s Pro-Crypto Agenda

May 9, 2025
Ethereum ETH Surges 20% as Pectra Upgrade Enhances Network Performance: Is it Too Late to Buy?

Ethereum ETH Surges 20% as Pectra Upgrade Enhances Network Performance: Is it Too Late to Buy?

May 9, 2025
PEPE Coin Surges 40% Following Elon Musk Endorsement: Here is What Happened

PEPE Coin Surges 40% Following Elon Musk Endorsement: Here is What Happened

May 9, 2025
SOL Futures Open Interest Hits $5.8B, Signaling Market Confidence: Here is What You Need to Do

SOL Futures Open Interest Hits $5.8B, Signaling Market Confidence: Here is What You Need to Do

May 9, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.