Binance: Third-Party Bank Deposit Service Zero Fee Promotion Extended Until December 31, 2025

BlockBeats News, July 18th, according to an official announcement, Binance has announced that the third-party banking custody has officially launched as a full operational solution. The third-party custody is an institutional-grade custody solution that can hold fiat currency and Traditional Finance (TradFi) collateral in regulated third-party banks while allowing users to trade on Binance. The latest version has lowered the entry barrier, removed the need for trading volume commitments, and waived the service fee for pledged funds until December 31, 2025.

According to the introduction, Binance's third-party banking custody is a high-trust custody framework designed for institutions. It allows customers to keep more traditional collateral assets (such as fiat and U.S. Treasury bonds) in a third-party regulated bank's dedicated corporate account without having to transfer these assets to the trading platform. At the same time, customers can still obtain an equivalent trading limit on Binance to conduct trading.