Binance and Anchorage Digital Collaborate to Introduce Bank Triparty Custody to Institutional Crypto Trading

CoinFeed July 1st news, according to official sources, Binance announced a collaboration with Anchorage Digital to extend its Banking Triparty product to Anchorage Digital, allowing institutional clients to custody assets in Anchorage Digital's independent qualified custody accounts while trading on Binance. Institutional clients can use crypto assets and yield-bearing USD accounts as collateral while using Binance's liquidity services. This collaboration adds a new custody partner to Binance's triparty banking business under the existing custody and execution separation model.