Overview

• Early access began on September 30 for selected licensed banks, brokerages and exchanges, with broader availability slated for Q4 2025 and full operational support expected by the end of 2026.
• The service provides connectivity to Binance’s spot and futures markets, deep liquidity pools, and integrated fiat on- and off-ramps.
• An internalised trading feature lets institutions match client orders in-house and route to Binance’s global order books when internal liquidity falls short.
• Institutions keep front-end control and client relationships while Binance runs backend technology, custody, settlement, and compliance tooling including KYC and transaction monitoring APIs.
• Coinbase introduced a comparable offering in June 2025, highlighting intensifying competition and raising considerations over third‑party dependency and regulatory oversight.