Binance Expands Traditional Finance Push with New Bond ETF Service

Cryptocurrency exchange Binance has launched an asset management service that includes 11 U.S. bond ETFs, expanding its push into traditional finance.

The new service is offered within Binance Earn and allows users to access traditional securities on the same platform they use for cryptocurrencies.

The products are divided into cash management, stable income, and enhanced yield depending on the investment period, ranging from less than 6 months to more than 1 year.

Binance provides the trading screen and access route, while Nest Trading sends orders to Alpaca Securities for execution and custody.