The move comes amidst growing calls from institutional digital-asset traders for a much-needed change after FTX’s dramatic collapse late last year that led to significant losses. Names of two potential intermediaries – Swiss-based FlowBank and Liechtenstein-based Bank Frick – have been mentioned, but details on further deliberations remained private. Both financial institutions have refrained from commenting on the setup, for one, cited banking secrecy laws and declined to comment. FlowBank, on the other hand, said its license does not cover crypto trading.
Source: Chayanika Deka, 2023-06-01; https://cryptopotato.com/binance-deliberates-on-enabling-traders-to-keep-collateral-at-banks-report/