Financial institutions eager to capitalize on crypto’s growth may face a dilemma: the increasing demand for crypto presents a significant opportunity, but it requires additional resources and specialized expertise.
Binance noticed the dilemma—and saw an opportunity.
The company introduced a crypto-as-a-service (CaaS) platform specifically designed for traditional finance (TradFi) players, including banks, brokerages, and stock exchanges. The platform would provide them with the tools to offer crypto capabilities under their own brand, while Binance handles the technical backbone.
At the same time, what Binance is doing for institutional investors, Best Wallet Token does for retail. Will the two herald a new era of deepening crypto integration?
A White-Label Gateway into Crypto for TradFi
‘White-label’ services are nothing new; many companies use them to expand their lineup into new areas and provide added insights. Under this new offering, institutions retain full control over the customer-facing interface, with branding, user experience, and direct client relationships remaining theirs.
But behind the scenes, Binance serves as the engine, powering trading, liquidity, custody, compliance, settlement, and more. Essentially, TradFi firms avoid building from scratch and can deploy crypto services faster.
Lower Barriers, Faster Entry for TradFi
Binance is providing several core benefits with the crypto-as-a-service offering, including:
- Internalised Trading: Match orders between institutions’ own clients when possible, reducing reliance on external liquidity unless needed.
- Access to Binance Liquidity and Markets: When there’s not enough internal liquidity, institutions can turn to Binance itself and tap into its vast liquidity ($23.9B in the past 24 hours).
- Institutional Dashboard: The Binance CaaS offers a comprehensive management dashboard that provides insights into trading volumes, onboarding, asset flows, and more. There are also options to directly manage commissions and sub-accounts, as well as to integrate APIs.
- Custody and Compliance Tools: The CaaS brings essential compliance features directly into the institutional workflow, integrating KYC and transaction monitoring APIs to simplify compliance for institutions that may not be fully versed in the rapidly evolving world of crypto regulations.
For institutions that no longer view crypto as optional, Binance provides the answer with CaaS.
For retail investors, there’s something just as easy and no less optional – Best Wallet.
Best Wallet Token ($BEST) – Token, Card, and Wallet for a Complete Web3 Crypto Toolkit
Best Wallet offers a fully non-custodial crypto wallet. Investors control their own keys and crypto, gaining access through their wallet to all the tools of a growing web3 ecosystem.
Best Wallet allows investors to trade, store, and swap their crypto. Best Wallet Token ($BEST) offers added utility, including lower transaction fees, higher staking yields, and early and exclusive access to select cryptocurrency presales.
The planned Best Card will integrate the entire ecosystem, making it easier than ever for investors to spend their crypto and deepen their engagement with the crypto economy as a whole.
The $BEST presale has raised over $16 million so far, with tokens priced at $0.025715.
Best Wallet could be for retail investors what the new Binance CaaS is for institutional investors.
Check out the $BEST presale page today.
Traditional finance (TradFi) entities – including everyday retail investors – increasingly prefer crypto-native infrastructure rather than reinventing the wheel, and both $BEST and Binance see the opportunity to deepen crypto integration with mainstream finance.
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Source: https://coindoo.com/binance-approves-crypto-services-to-tradfi/