Binance has launched a new platform called “Capital Connect” to facilitate connections between its VIP clients and investment fund managers. Catherine Chen, Head of Binance VIP and Institutions, stated that Binance does not charge any fees or commissions for providing the Capital Connect platform. Some non-trading investors want to use the assets they hold for investment rather than secondary market transactions. The platform is designed to serve such users. He also revealed that Binance has more than 128 million users, and that VIP customers make up a "very small percentage" of the overall user base.