Binance is partnering with Anchorage Digital to mitigate counterparty risk for its largest clients. The arrangement allows institutions to trade on the Binance exchange without storing assets directly on the platform.
Under this triparty framework, trading collateral is held in custody by Anchorage Digital, a federally chartered crypto bank supervised by the US Office of the Comptroller of the Currency. This physical separation of custody and trading functions directly addresses institutional anxieties heightened by the collapse of FTX.
The platform utilizes Anchorage’s Coordinated Multiparty Settlement system, launched in June 2026, designed to secure assets in compliant custody while executing trades on crypto venues. To accelerate adoption, Binance is offering fee waivers for the service through the end of 2025.