Binance Introduces Crypto-as-a-Service for Financial Institutions

Binance Blog published a new article, introducing Binance's Crypto-as-a-Service (CaaS), a white-label solution designed for licensed banks, brokerages, and exchanges. This service aims to provide the necessary infrastructure and liquidity for these institutions to offer cryptocurrency trading without the need to build complex systems from scratch. The article highlights the increasing demand for digital assets among clients, making it essential for financial institutions to integrate crypto services efficiently. CaaS is tailored for large, regulated financial institutions, allowing them to launch crypto trading quickly and confidently. Binance supports the back-end infrastructure, including trading, liquidity, custody, compliance, and settlement, while institutions maintain control over their brand and client relationships. A key feature of CaaS is internalized trading, which enables institutions to match orders directly between their clients, maximizing revenue potential and reducing costs. This feature allows institutions to retain liquidity and streamline execution while accessing Binance's global Spot and Futures liquidity. The service also offers comprehensive market access, providing institutions with full Spot and Futures depth as a standard feature. This ensures that institutions can offer a wide range of trading pairs to their clients, mirroring the trading experience on Binance. Additionally, CaaS includes a dedicated management dashboard and full API connectivity, giving institutions visibility and control over their activities. The dashboard provides insights into trading volumes, client onboarding, asset flows, and trade distribution, simplifying integration and oversight. CaaS also addresses custody and compliance challenges, offering tools for secure asset management and regulatory alignment. Institutions can create secure sub-accounts and wallets with unique deposit addresses for each client, ensuring clear asset segregation. Compliance features include KYC processes and transaction monitoring APIs, helping institutions meet regulatory requirements across jurisdictions. Early access to Binance's Crypto-as-a-Service begins on September 30, with select institutions invited to explore the platform through private demos and direct engagement with the Binance team. This phase is reserved for established, licensed banks, brokerages, and exchanges that meet the scale requirements for CaaS. General availability is expected later in Q4, expanding access to a broader range of eligible institutions. Interested parties are encouraged to connect with the Binance VIP & Institutional team to learn more and discuss partnership opportunities.