ChainThink reports: According to the Financial Times in the UK, Binance is collaborating with Banco Bilbao Vizcaya Argentaria (BBVA), allowing customers to custody their assets at the bank rather than on the exchange. This is a new measure taken by Binance to calm investors after being fined a record $4.3 billion by US authorities in 2023. BBVA, the third-largest bank in Spain, has recently started providing services as one of the few independent custodians for Binance. The move aims to alleviate investor concerns about the security of the exchange, especially after the FTX bankruptcy in 2022. BBVA has higher brand recognition than Binance's existing partners, which may enhance user trust. According to the cooperation arrangement, traders' funds will be held at BBVA in the form of US Treasury bonds, and Binance will accept these assets as trading margin.