FCA-registered crypto custodian Digivault, part of the EQONEX Group (NASDAQ:EQOS) has added support for BNB Chain enabling clients to now hold assets running on BNB Chain, including BNB, BUSD & BEP20 tokens, in their Digivault accounts.
This follows the announcement earlier this year by Digivault’s parent company, EQONEX Limited, that it had entered into a strategic partnership with Binance Connect (Bifinity UAB), a payments technology company that is part of the Binance Group.
The introduction of BNB Chain is the latest in a long line of additions that Digivault has added support for in 2022. Each asset is subject to a thorough due diligence process prior to being approved for custody to ensure that Digivault holds only high-quality digital assets.
BNB Chain has seen immense traction since launch, in part due to its low gas fees which is in stark contrast to the Ethereum network’s sky rocketing gas prices, and in part due to BNB Chain’s reduced network congestion, another issue with the Ethereum network during peak periods.
