The United States version of Binance exchange, Binance.US, has announced a partnership with an institutional investor-focused brokerage, Tagomi.
The announcement of the collaboration was related by Binance.US through its official website a few hours ago. Going by the update, the partnership is strategically sealed by the crypto exchange to provide liquidity for its cross-exchange trading platform.
Tagomi will also derive mutual benefit from this partnership. Its users will be offered additional access to the trading pairs selected by Binance.US marketplace. Tagomi’s users under venture funds, IRAs, HNWI, family offices, and quant funds will be opened to leverage on what the exchange has to offer.
Binance.US pointed out that its collaboration with the institutional investor-focused brokerage Tagomi is expected to make a great impact in bridging market demand for a better reach of digital assets.
The crypto exchange also hinted subsequent strategic partnerships that are capable of boosting the liquidity and wider reach of the exchange in the United States marketplace.
The President of Tagomi, Marc Bhargava, shared the need of the investment company to seal such a timely partnership with Binance.US due to what the cryptocurrency exchange offers.
He mentioned the need for some components of Tagomi to tangle with Binance.US, due to the company’s aim of becoming a global influence in the cryptocurrency market.
Marc Bhargava said, “Few countries can rival the liquidity and demand of U.S. markets. Large funds, venture capitalists and family offices in the U.S. need secure access to participate in the crypto market as global players.”
The Tagomi President conclusively shared that “Binance.US is tilting the odds in their favor by offering Americans broader asset exposure.”
The CEO of Binance.US exchange, Catherine Coley also shared what the exchange aims to gain with the sealed deal.
She said “Binance.US is focused on lowering the barriers to entry and cultivating a new class of crypto investors. Institutional traders in the U.S. present an outsized demand that is currently not being met…”
She added that the collaboration with Tagomi is well in line with the mission of the exchange to transform the United States into a global leader in the growth of the crypto market.
“Our partnership with Tagomi falls directly in line with our mission to make the U.S. a global leader in the growth of the digital asset market…”
Conclusively, she said the partnership will also help to educate new and upcoming traders to leverage lots of opportunities offered by cryptocurrencies.
Binance’s Shanghai office huts Down after Police Raid
The partnership news came at a time Binance’s Shanghai office was abruptly shut down after police raided the office.
According to sources familiar with The Block, the closed down office housed nothing less than 50 employees of the firm. As revealed, the Shanghai government is conducting a crypto-linked probe.
As well, Binance is preparing to return to the Chinese market after it left the region months back owing to crypto-hostility.
Binance.US Settles $759 million Trades in 50 Days
A few days back, Binance.US revealed it has settled nothing less than 759 million USD trade within 50 days of launch.
The settlements were made possible through collaboration with Binance.us’ America-fiat partner Prime Trust, a Blockchain trust firm reputable for offering AML, KYC, fund processing and IRAs, and asset protection to Initial Coin Offerings.
Catherine said: “Within 50 days, $759M USD of trades have been settled! Looking forward to the continuing success of the partnership.”
Good partners are key to success. https://t.co/Bu69RSj0gp
— CZ Binance (@cz_binance) November 16, 2019