Leading cryptocurrency exchange Binance is set to allow institutional investors to keep their collateralized digital assets used for leveraged positions off of its platform. The exchange will allow investors to keep collateral with Binance Custody, which will hold the funds in cold storage.
The co-founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) are pitching investors a new venture that wants to capitalize on the growing list of bankruptcies in the cryptocurrency space.
The Central Bank of Iran is reportedly cooperating with the Russian government on the issuance of a new gold-backed cryptocurrency, as both countries are looking to create a “token of the Persian Gulf region.”
Top stories in the Crypto Roundup today:
- Binance To Allow Institutions to Keep Crypto Collateral Off Exchange
- Founders of Bankrupt Crypto Hedge fund 3AC Pitch New Crypto Debt Claims Platform
- Iran and Russia Cooperate on Gold-Backed Cryptocurrency
- Centralized and Decentralized Exchange Volumes, 2021-2022