Binance Partners with BBVA to Store Client Funds
Date: 2025-08-12 Author: Oliver Abernathy Categories: BUSINESS
According to sources told the Financial Times, the agreement with Spain’s third-largest bank involves placing clients’ capital in US Treasury bonds through BBVA brokers. These assets will be accepted by Binance as margin collateral, allowing market participants to trade without having to store funds directly on the exchange.
According to the publication’s sources, this arrangement reduces potential risks similar to those that arose during the collapse of FTX. In addition, BBVA’s high brand recognition makes cooperation with it more reliable in the eyes of investors. The decision to partner comes as Binance seeks to restore trust in its platform, especially after the company paid a $4 billion fine to US regulators in the fall of 2023.
Many traders, mindful of the events around FTX, are increasingly looking for opportunities to safely place capital outside of centralized crypto exchanges. Binance responds to this request by offering tools that allow you to store assets with reliable financial institutions while maintaining access to trading.
The exchange has previously implemented a similar solution, providing large clients with the opportunity to store cryptocurrency in the Sygnum bank. Funds placed there can also be used as collateral for transactions on the platform.
Against the backdrop of the introduction of new services, Binance continues to record an increase in the volume of stored digital assets. Over the past month, the amount of bitcoins in the exchange's accounts has increased by 17,167 coins, reaching 591,163 BTC. This is an increase of 2.99% compared to the previous month, which may indicate an increase in trust from clients.
The new agreement with BBVA could therefore be an important step in Binance's strategy to strengthen its reputation and attract investors who are looking for security and diversification in their capital storage options.
