Binance Eases Investors' Worries With Independent Custodians Collaboration

In a strategic move reflecting the growing apprehension among traders, cryptocurrency giant Binance has yielded to demands from customers seeking a safer haven for their assets. Notably, the crypto exchange, facing heightened scrutiny since last year’s hefty fine by U.S. authorities, is now allowing select traders to store their assets with independent custodians, notably Switzerland’s Sygnum Bank and Flow Bank.