Binance opens Capital Connect to wealthy investors with $1M in assets

Binance has opened its Capital Connect investment marketplace to eligible individual users for the first time, giving wealthy clients access to professionally managed strategies previously reserved for institutional investors. Summary Binance has opened Capital Connect to eligible individuals, including investors holding at least $1 million in assets. Capital Connect had 212 portfolios from 77 professional trading teams in September, up from 106 portfolios and 35 teams in May. Investors can compare standardized performance data and allocate funds to strategies without trading teams creating separate fund vehicles. Capital Connect started with crypto only strategies, but professional trading teams have since incorporated traditional financial instruments. CNBC reported that the cryptocurrency exchange is expanding access as it works to attract high-net-worth clients seeking professionally managed portfolios across crypto and traditional financial markets. Individual investors can qualify by holding at least $1 million in assets, while Binance’s updated eligibility rules provide several routes into the platform. KYC-verified individuals can qualify by reaching VIP 3 or above, holding...