Ceffu Launches Newest Off-Exchange Settlement Solution MirrorX for Binance Institutional Users
Ceffu, the institutional crypto custodian and partner of Binance, has announced the release of its new off-exchange settlement solution, MirrorX. This solution allows institutional investors to access the Binance Exchange instantly without moving their assets to the exchange. Digital assets used with MirrorX remain in Ceffu’s custody and are settled off-chain, reducing counterparty risk. MirrorX is the only off-exchange settlement solution integrated with Binance, providing an attractive option for institutions to combine on-exchange trading with off-exchange capital. This launch marks a significant step towards institutionalizing the digital asset ecosystem. Catherine Chen, head of VIP and Institutional at Binance, emphasized the importance of risk management, while Ian Loh, President of Ceffu, highlighted the need for innovative solutions that offer security and access to liquidity for institutions.
Key points:
– MirrorX is an off-exchange settlement solution that allows institutional investors to access the Binance Exchange instantly without moving their assets.
– Digital assets used with MirrorX remain in Ceffu’s custody and are settled off-chain, reducing counterparty risk.
– MirrorX is the only off-exchange settlement solution integrated with Binance, providing an attractive option for institutions to combine on-exchange trading with off-exchange capital.
– This launch is a significant step towards institutionalizing the digital asset ecosystem.
– Catherine Chen, head of VIP and Institutional at Binance, emphasizes the importance of risk management, while Ian Loh, President of Ceffu, highlights the need for innovative solutions that offer security and access to liquidity for institutions.
Hot Take
The launch of MirrorX by Ceffu is a game-changer for institutional investors in the crypto space. By providing a fast gateway to the Binance Exchange and allowing assets to remain in independent custody, MirrorX offers a secure and efficient solution for accessing liquidity. This partnership between Ceffu and Binance demonstrates the commitment to institutionalizing the digital asset ecosystem and meeting the needs of institutional clients. With MirrorX, institutions can diversify their exposure while maintaining access to Binance’s deep liquidity. This release reinforces the importance of risk management and the demand for innovative solutions in the crypto industry.
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