Binance’s New Crypto Fund Accounts: A Perfect Mix of Tradition and Tech

These “Fund Accounts” introduce a sleek concept – a universal net asset value (NAV) per unit. It’s a lovely little idea taken from the traditional finance realm where buyside firms pretend to know exactly how much money they’ve made (or lost) by providing a “clear” and “trackable” profit-and-loss per fund. Imagine the elegance! The sophistication! The “standardization” that crypto *desperately* needs. Binance, ever the visionary, told us all about this on Wednesday.