Binance Custody to Collaborate with Pinely for Protection of Digital Assets
On 4th July 2022, Binance turned toward its official web portal to declare that Pinely (a Singapore-based privately funded and owned company focused on algorithmic trading) will integrate the prominent crypto exchange into its management of digital assets. By benefitting from the cold storage as well as liquidity solutions of Binance Custody, Pinely would be capable of expanding the capital efficiency thereof while guaranteeing that it secures the funds to the top possible standard, as described by Binance Custody.
Binance Custody Joins Pinely to Guard Its Digital Assets
Binance Custody’s Head – Cathy Yu – stated that their firm’s prominent objective is the implementation of security within the ecosystem of the blockchain as well as to bring convenience into the management of digital assets for organizations. She added that the high-frequency, as well as the algorithmic trading, requires vigorous liquidity, which is provided by Binance Custody in a proper proportion.
The market-leading offerings are being improved by Binance Custody with the provision of fundamental infrastructure services specified for the organizations. That is so, she asserted, to protect their crypto under the well-known security standards across the globe. Piney’s COO – Danila Kheruvimov – pointed out that their goal is to elevate the concept of the financial markets of modern times by offering liquidity as well as adopting a scientific attitude toward conventional products.
Pinely is considered to be a firm famous for its algorithmic trading, cutting-edge technologies, as well as data-driven solutions. Having the status of a technology and math-based firm, successful operations have been carried out by Pinely in a competitive atmosphere throughout the crypto as well as the conventional capital markets during approximately the previous 10 years, elevating the capital position thereof via improving the net trading gains.
The executive moved on to say that with a prestigious position among the front-running algorithmic traders on the platform of Binance, they have made a systematic decision to build up their bonding with the ecosystem of Binance. And, that has turned into a reality due to the organizational-level services of Binance Custody, assisting Pinely’s venue to organize their capital position while existing in an efficient and secure environment without any external fears.
