Polylog
The Polylog Crypto Intelligence Brief

Morning Edition · Wednesday, July 1, 2026

Anchorage and Binance Split Trading From Custody for Institutions

An off-exchange settlement arrangement lets institutions trade on Binance while assets stay with a regulated custodian, as the exchange also adds dollar-margined perpetual contracts.

Anchorage and Binance Split Trading From Custody for Institutions

Anchorage Digital and Binance launched off-exchange settlement for institutional clients, a structure that lets institutions trade on the exchange while keeping their assets in the custody of a federally chartered custodian rather than on t…

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Part of a tracked trend

Institutions Force Custody Apart From the Exchange

Institutional demand keeps pushing crypto market structure toward separating asset custody from the trading venue, so that regulated custodians and off-exchange settlement, rather than exchange-held balances, become the standard for large participants.