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Binance Becomes More Savvy For Institutional And VIP Investors, Simplifies Tax, Audit, and Amenability

Manoj Nair




Binance , the biggest crypto exchange in the world is getting more and more savvy for institutional and VIP investors. In a statement put out on the official blog dated August 9 announced that it has upgraded its account statement function feature to support the tax, audit, and amenability. Binance has taken the step to simplify these complex processes and this will further boost the crypto investments by institutional and VIP investors.

Binance Simplifies Tax, Audit, and Amenability Boosting Institutional and VIP Investments

Binance announced the latest update and said that the move was done to make tax, audit, and compliance needs of institutional and VIP investors hassle-free and simple. However, this feature is not available on the mobile version.  

Managing accounts is very vital for accounting purposes and sending reports to third parties such as auditors. Binance’s institutional-quality data and reporting features are certified and valid globally.

The upgrade enables the account statement to support as well as File sharing and PDF export and also password protection.

Users will now be able to view their asset holdings across spot as well as margin, futures, and other wallets. Users can also know about their accrued interests in the Earn Wallet. Investors can choose from BTC, BUSD, or USDT as their preferred options to show account balances. The clients will also get to know exchange rates for BTC, BUSD, and USDT. Users can also can download and export account statements in multiple formats, as well as send statement to three recipients. However, as a safety feature Binance can ask clients to set a one-time password before exporting account statements. Binance places the privacy, security, and regulatory compliance of its clients as top priorities.

Binance is making great strides across the globe and is on a mission to initiate a fresh wave of crypto adoption. In a bid to widen its reach its CEO “CZ” visited the Central African Republic to increase crypto adoption across Africa. The crypto exchange is also expanding its presence in several Europe and Asian countries.

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