August 28, 2023 – Vilnus, Lithuania
Ceffu, the institutional crypto custodian and partner of Binance the world’s largest cryptocurrency exchange by trading volume announced today the release of its newest off-exchange settlement solution, MirrorX.
Launched as an evolution of its predecessor, this innovative custody solution provides institutional investors with the fastest gateway to the Binance Exchangewith instantaneous access to most of the products available in the Binance ecosystem, including spot, margin and futures trading without needing to move their assets to the exchange.
Digital assets used with MirrorX remain in Ceffu’s independent custody at all times and are automatically settled off-chain, helping institutions maximize capital efficiency and reduce counterparty risk.
Ceffu is uniquely positioned as it is the only off-exchange settlement solution integrated with Binance.
The launch of MirrorX provides an attractive solution for institutions as it combines on-exchange trading with off-exchange capital on the world’s most liquid cryptocurrency exchange.
This marks a significant leap forward in the institutionalization of the digital asset ecosystem.
Catherine Chen, head of VIP and Institutional at Binance, said,
“We’re constantly listening to our clients’ feedback and to the market needs that we can support. Binance is already hugely attractive to institutional investors by offering the world’s deepest liquidity and market-leading trading solutions.
“Through our partnership with Ceffu, we bring an added layer of risk management that allows our clients to diversify their exposure while still maintaining access to our liquidity. This positions us at the forefront of institutionalizing the digital asset ecosystem.”
Ian Loh, President of Ceffu, said,
“Regardless of how the markets move, institutions need innovative solutions that combine security and ease of access to liquidity. That combination has been the foundation of our partnership with Binanceand the release of MirrorX reinforces our commitment to delivering custody solutions that live up to the high standards our institutional clients require.”
Ceffu is a compliant, institutional-grade custody platform offering custody solutions that are ISO 27001 and 27701 certified and SOC type one and type two attested.
Its MPC (multi-party computation) technology, combined with a customizable multi-approval scheme, provides…