Binance Capital Connect opens to wealthy individual investors for the first time: minimum asset threshold of 1 million USD

According to CNBC, Binance has opened its Capital Connect platform to wealthy individual investors for the first time, allowing them to compare and invest in professional strategies, which was previously limited to institutional investors. Users must meet financial requirements, including holding at least 1 million dollars in assets.

Catherine Chen, head of Binance VIP and institutional business, stated that individual investors are eager to gain access to Capital Connect, which is a response to demand. The platform is built on Binance's Portfolio Account infrastructure, handling management fees, performance fees, and risk metrics, with the trading team responsible for investment strategies, similar to independent managed accounts in traditional finance.

As of September, Capital Connect has 212 portfolios from 77 professional trading teams. The platform initially offered only cryptocurrency strategies, but more trading teams have incorporated traditional financial instruments into their strategies.