Binance Custody officially launches its OTC settlement solution, Binance Mirror

Binance Custody, a regulated and compliant institutional digital asset custodian, today announced the official launch of Binance Mirror, its over-the-counter settlement solution that enables institutions to access trading and investment products within the Binance Exchange ecosystem without posting collateral directly on the exchange . With Binance Mirror, institutions can lock up a specified amount of available asset balances in their Qualified Wallet, Binance Custody's cold storage solution, and mirror their balances 1:1 to their Binance Exchange accounts. As long as their mirrored positions remain open on the Binance exchange, their assets are safely held in segregated cold wallets ready for settlement at any time. It is worth mentioning that assets in Binance Mirror account for more than 60% of all assets on Binance Custody.

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