Binance plans to provide crypto asset managers with a “fund account” similar to traditional financial transactions

Odaily Planet Daily News Binance will provide special accounts for digital asset managers, allowing them to pool investors' assets and make the crypto fund management business more like a traditional financial experience. Binance said on Wednesday that this comprehensive "fund account" introduces the concept of universal net asset value (NAV) per unit used by buy-side companies, providing clear and traceable profit and loss information for each fund, solving the problem of the lack of common market standards in the field of crypto asset management. Qualified asset managers need to obtain licenses in their respective jurisdictions. They can create multiple fund accounts and deploy different trading strategies for each fund. (CoinDesk)