Binance, a global blockchain ecosystem has launched Binance Wealth, the first crypto exchange technological solution for wealth managers.
Binance Wealth provides the infrastructure for wealth managers to deliver financial advisory services for their high-net-worth clients looking for crypto exposure. It allows wealth managers to oversee the onboarding of their clients and make investment recommendations, offering their clients support during onboarding and afterward while retaining full discretionary control, akin to traditional wealth management.
Wealth managers must first apply to access Binance Wealth. After being onboarded, they can help support their clients' onboarding journey by submitting the necessary KYC/KYB documentation for verification. Onboarded clients can then manage their own investments directly and also receive recommendations from their wealth managers for their review and approval.
Through Binance Wealth, Binance said it is meeting demand fr