EOS Network partners with Binance’s Ceffu for institutional custody

The EOS Network Foundation has partnered with Ceffu, Binance’s institutional custody platform, to enhance security and CeDeFi opportunities for EOS token holders. The collaboration enables institutions to store EOS cryptocurrency through Ceffu’s custody services, which include advanced security features and access to Binance’s MirrorX platform. Custody services like Ceffu play a critical role in the cryptocurrency ecosystem. They provide institutions with secure storage solutions for large digital asset holdings, offering features such as multi-party computation and customizable approval schemes. For EOS ( EOS ) token holders, this partnership provides enhanced asset security and opportunities to explore CeDeFi , or centralized decentralized finance, which combines the convenience of centralized exchanges with the innovation of decentralized platforms. EOS 🤝 Ceffu The #EOS Network Foundation is pleased to announce that @CeffuGlobal , the institutional custody partner of @Binance , now supports the EOS mainnet. This partnership offers institutional-grade custody and unlocks CeDeFi opportunities for $EOS holders via Binance’s… pic.twitter.com/QRJGOtQstW — EOS Network (@EOSNetworkFDN) December 5, 2024 You might also like: Trump celebrates Bitcoin’s $100k milestone in Truth Social post Binance’s liquidity Through Binance’s MirrorX, institutional fund managers can execute CeDeFi strategies leveraging Binance’s liquidity and trading features. This integration offers access to advanced yield opportunities tailored to institutional requirements and aligns with EOS’s strategy to attract more institutional investors. EOS has been gaining traction among institutional investors, demonstrated by its inclusion in the Coinbase COIN50 Index, which tracks the top 50 digital assets. The blockchain platform has introduced significant updates, including a $450 million staking rewards program and improvements to its tokenomics, such as extended token lockup periods and the launch of the Unicove portal to simplify user onboarding. Yves La Rose, CEO of the EOS Network Foundation, emphasized the partnership’s potential to scale institutional engagement within the EOS ecosystem. “Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale,” they said. The partnership underscores the growing importance of institutional-grade infrastructure in the evolving crypto economy and highlights EOS’s position as a blockchain platform seeking broader adoption. You might also like: USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report

Source: crypto.news