Binance says it has become the first crypto exchange to offer a wealth management solution.
Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee the onboarding of their clients and make investment recommendations, and get support during onboarding and afterward, similar to traditional wealth management.
“Binance Wealth is the first crypto exchange solution enabling wealth managers to address their high-net-worth clients’ interest for exposure to this new asset class,” the company said in a news release. “Binance is meeting demand from the private wealth segment preferring to diversify their portfolios with the support of their trusted wealth managers.”
According to the release, the offer reduces the entry barrier for wealth managers and their high-net-worth clients seeking digital assets exposure, but within an experience that is “near-identical” to the traditional financial advisory…
