Anchorage Digital and Binance have teamed up to launch off-exchange settlement for institutional crypto trading. This allows institutions to trade on Binance, the world's largest crypto exchange by volume, while keeping their assets in segregated custody at Anchorage Digital Bank. The service is powered by Atlas, Anchorage's settlement infrastructure. $BTC
The setup mirrors traditional financial markets, where custody and execution are kept separate. In those markets, assets are held with a custodian and only transferred at final settlement, never sitting on the trading venue's balance sheet. Crypto has long lacked that separation, forcing institutions to pre-fund exchange accounts and take on counterparty risk.
"Institutions need crypto market structure that reflects the standards they already rely on in traditional finance," said Nathan McCauley, co-founder and CEO of Anchorage Digital. "Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody."
The arrangement also lets institutions pledge both crypto assets and USD accounts as collateral, enabling capital deployment while satisfying trading margin requirements—consistent with workflows at traditional financial firms.
Binance has been building out its institutional infrastructure over the past several years, expanding triparty banking and collateral management offerings. "Working with Anchorage Digital gives institutional clients another way to access Binance liquidity while managing custody and collateral through a model that is more familiar to traditional financial markets," said Catherine Chen, Head of VIP & Institutional at Binance.
Atlas is built to support a range of institutional workflows beyond off-exchange settlement, including trading, lending, collateral management, and other capital markets functions. Anchorage says the platform is designed for the current phase of institutional crypto adoption, where firms have compliance, custody, and operational requirements that earlier crypto infrastructure was not built to meet.
Anchorage Digital is backed by Andreessen Horowitz, Goldman Sachs, KKR, GIC, and Visa, and carries a valuation of $4.2 billion. In addition to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, the company operates Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore, and Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services.
Tap $BTC to trade
$BTC
غيرك سبقك وتابع. ادخل بروفايلي وخلك مع اللي يقرأ قبل ما ينتشر الخبر.