🔄 Binance News: Compliance and Institutional Focus

Binance, the world's largest crypto exchange, is intensifying its focus on institutional clients and compliance.

The exchange recently launched "Binance Prestige," a bespoke service tailored for traditional finance (TradFi) affluent investors like family offices, providing high-touch support for crypto allocation. This move signals a strategic push for deeper integration with institutional capital.

Meanwhile, Binance is facing a new lawsuit from victims of the October 7th attack, alleging the platform knowingly facilitated over $1 billion in transactions for Hamas and other designated terrorist organizations. This highlights the ongoing legal and regulatory scrutiny regarding historical compliance issues, even as the exchange increases its security and compliance efforts globally.