The integration addresses one of the biggest obstacles keeping institutional capital on the sidelines of crypto markets: exchange counterparty risk.
Anchorage Digital has integrated its off-exchange settlement platform with Binance, allowing institutional clients to trade on the exchange while keeping their crypto and cash in qualified custody at the federally chartered US crypto bank rather than depositing assets directly onto Binance.
Under the arrangement, institutions can use crypto assets or US dollar deposits held with Anchorage as collateral to meet Binance's margin requirements without first transferring those assets onto the exchange. The companies said the model separates custody from trade execution, allowing assets to remain with an independent custodian until settlement.
The service is initially available to select institutional clients and marks the first off-exchange settlement implementation for Anchorage Digital's Atlas platform, which the company said is designed to support institutional trading, settlement, lending and collateral management through custody-based infrastructure.
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