Binance Moves Customer Funds to BBVA in New Custody Setup

Binance is taking another step toward damage control by teaming up with BBVA, Spain’s second-biggest bank. The new arrangement allows customers to post U.S. Treasuries as margin, which BBVA will hold outside the exchange. It’s a clear attempt to separate user funds from exchange risk, and it shows Binance is trying to clean up its.. The post Binance Moves Customer Funds to BBVA in New Custody Setup appeared first on 99Bitcoins.

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Aug 9, 2025 - 08:00

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Binance Moves Customer Funds to BBVA in New Custody Setup

Binance is taking another step toward damage control by teaming up with BBVA, Spain’s second-biggest bank. The new arrangement allows customers to post U.S. Treasuries as margin, which BBVA will hold outside the exchange. It’s a clear attempt to separate user funds from exchange risk, and it shows Binance is trying to clean up its image.

A Response to Ongoing Scrutiny

The move follows intense regulatory pressure. After a multibillion-dollar fine last year and ongoing questions around user fund safety, Binance has little room to play it loose. Letting a regulated bank hold trader collateral looks like a deliberate effort to rebuild trust without waiting for permission.