Binance: Zero-fee promotion for third-party custody services to continue until December 31, 2025

Binance has announced that third-party custody has become a formally launched and fully operational solution. Third-party custody is a custody solution for institutions that can hold fiat currency and traditional finance (TradFi) collateral in regulated third-party banks, while allowing users to trade on Binance. The latest version lowers the barrier to entry, requires no trading volume commitment, and waives service fees for pledged funds until December 31, 2025. It is reported that Binance's third-party bank custody is a high-trust custody framework built for institutions. It allows customers to keep more traditional collateral assets (such as fiat currency and U.S. Treasury bonds) in dedicated company accounts at third-party regulated banks without having to transfer these assets to the trading platform. At the same time, customers can still obtain the equivalent trading quota on Binance to conduct transactions. [Odaily Planet Daily News]