Ceffu, an institutional crypto custodian and partner of Binance, the world’s largest cryptocurrency exchange by trading volume, announced the release of its newest off-exchange settlement solution, MirrorX. This custody solution provides institutional investors with instantaneous access to most of the products available in the Binance ecosystem, including spot, margin and futures trading, without needing to move their assets to the exchange. Digital assets used with MirrorX remain in Ceffu’s independent custody at all times and are automatically settled off-chain, helping institutions maximize capital efficiency and reduce counterparty risk.Catherine Chen, head of VIP and Institutional at Binance, said that Binance is already attractive to institutional investors by offering the world’s deepest liquidity and market-leading trading solutions. Through their partnership with Ceffu, they bring an added layer of risk management that allows their clients to diversify their exposure while still maintaining access to their liquidity.Ian Loh, President of Ceffu, said that institutions need innovative solutions that combine security and ease of access to liquidity. The release of MirrorX reinforces their commitment to delivering custody solutions that live up to the high standards their institutional clients require.Ceffu is a compliant, institutional-grade custody platform offering custody solutions that are ISO 27001 and 27701 certified and SOC type one and type two attested. Its MPC (multi-party computation) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Such solutions include insured on-chain cold storage, escrow services, staking and off-exchange settlement.For more information, please refer to Ceffu’s terms of use and Binance’s terms of use. Users are solely responsible for their investment decisions. Ceffu and Binance are not liable for any losses you may incur.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇱🇹 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 10 |
| People | Ian Loh, Catherine Chen |
| Companies | SOC Type One, SOC Type Tw, ISO 27701, Binance, ISO 27001, Ceffu |
| Currencies | ethereum, bitcoin |
| Securities |
