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binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance has teamed up with BBVA, one of Spain’s largest banks, to provide independent custody for customer funds. This partnership aims to restore confidence in centralized crypto exchanges after high-profile failures like FTX. The move signals a shift toward traditional finance safeguards in the crypto space.
- Binance partners with BBVA to provide independent custody for crypto assets, improving security.
- The move aims to restore trust after the FTX collapse and Binance's regulatory issues.
- Binance has also secured custody deals with Swiss banks Sygnum and FlowBank.
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