what is prime trust binance

what is prime trust binance?

Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, has announced Binance America (BAM) as a customer. Binance is frequently credited with being the largest crypto exchange in the world.2019年9月24日

Thereof,What is Prime Trust transaction?

Prime Trust, LLC operates as a technology-driven trust company. The Company offers token and FIAT custody, funds processing, anti-money laundering and know your customer compliance, and transaction technology services. Prime Trust serves customers in the State of Nevada.

One may also ask,Is Prime Trust LLC a Binance?

Is it from Swan? Prime Trust is our custodian, as well as the custodian of many other banking institutions and exchanges (including Strike, Binance, OKex, and Bittrex).

Subsequently, question is,Is Prime Trust safe?

We are an independent, qualified, and regulated Trust company, which means your assets are stored safely and securely. We only work with FDIC-insured banks.

Correspondingly,What is a Prime Trust account?

Prime Trust is the financial institution that provides API-driven open banking solutions for mobile apps, exchanges, OTC desks, platforms, broker-dealers, real estate syndicators, crowdfunding portals, issuance platforms and others.

Related Question Answers Found

Who uses Prime Trust?

The Prime Trust team includes industry veterans with experience at companies such as JP Morgan, Visa, DocuSign, BitGo, Goldman Sachs, BCG, American Express, OCC, SEC, Federal Reserve and Neustar.

Is Prime Trust a broker dealer?

Prime Trust is the financial institution that provides API-driven open banking solutions for mobile apps, exchanges, OTC desks, platforms, broker-dealers, real estate syndicators, crowdfunding portals, issuance platforms and others.

What does Prime Trust LLC do?

Prime Trust powers innovation in the digital economy by providing fintech and digital asset innovators with financial infrastructure. Our API platform and plug-and-play widgets allow companies to build seamlessly, launch quickly, and scale securely.

Is Prime Trust regulated?

As a chartered, regulated financial institution we are overseen by the banking commissioner’s office at the Financial Institutions Division. As a trust company we hold cash and non-cash assets such as stocks, bonds, Bitcoin and other cryptocurrencies, tokens, real estate, and private business ownership interests.

Is Prime Trust FDIC insured?

All cash deposited at PrimeTrust is FDIC insured, with the trust holding most of its funds at US Bank NA, a subsidiary of U.S. Bancorp.

How do I register a Prime Trust?

Customer Information: When you sign up to create a Prime Trust account, provide us with information about yourself including:

  1. Name.
  2. Address.
  3. E-mail Address.
  4. Phone Number.
  5. Social Security Number.
  6. Date of Birth.
  7. Beneficiary/Beneficiaries Relationship.

Does Coinbase use Prime Trust?

Coinbase supports accounts in the name of a trust through our business platforms Coinbase Prime, Coinbase Custody, and Coinbase Exchange.

How long does Prime Trust application take?

The application process takes about a minute. However, the approval process can take up to 24 hours.

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