Key Notes

Binance partners with BBVA to offer regulated crypto custody solutions.

Customer funds held in US Treasuries reduce counterparty risk.

BBVA expands crypto services amid rising retail demand.

Crypto exchange Binance has recently partnered with Spanish banking giant BBVA, to explore crypto custody solutions for its customers.

Sources familiar with the matter told Financial Times that the move seeks to restore confidence in centralized crypto services, after major incidents like FTX implosion , along with Binance’s own regulatory hurdles.

Binance Joins Hands With Spanish Bank BBVA for Crypto Custody

Two sources familiar with the matter stated that Spain’s third-largest banking institution, BBVA, is offering custody services to a small number of Binance users.

They also pro

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