The folks at Binance retweeted the following message, "We are proud to announce that #Binance Custody has completed its SOC 2 Type 2 certification."
They went on to retweet that "Audited by an external company, it evaluates the effectiveness of our system controls to maintain the security of our platform and protect customer data"
According to the shared document, going forward, Binance Custody will undergo these security and risk management reviews annually to maintain these standards and ensure that institutions can continue to safely participate in the digital asset economy by storing and managing their assets with our institutional grade custody infrastructure.
Thanks for reading, have an exciting and productive day.
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