Anchorage Digital and Binance launched off-exchange settlement for institutional crypto trading, allowing institutions to trade on Binance while keeping their assets in segregated custody at Anchorage Digital Bank instead of on the exchange.
Sen. Richard Blumenthal has requested updates from the DOJ and FinCEN on monitors overseeing Binance, citing AML compliance concerns, according to Fortune.
As the bitcoin price slumps, Binance said it will convert the $1 billion stablecoin-backed Secure Asset Fund for Users entirely into bitcoin over the next 30 days.