Institutional TradFi Moves Into Crypto: Binance, Visa China, $QNT
Hedge funds are increasingly trading traditional instruments on Binance for 24/7 arbitrage; Visa secured China payments approval; and $QNT surged 287% after major US bank clearing house adoption — all pointing to accelerating institutional crypto/fintech crossover.
What we know
@TheBlockCo reported hedge funds are migrating TradFi trading to Binance to exploit weekend price discovery and arbitrage opportunities unavailable on traditional exchanges. An account on X broke WSJ reporting that Visa has secured regulatory approval to advance its China payments business. And another account on X amplified news that $QNT (Quant) ran 287% in a week after The Clearing House — owned by 25 of the largest US banks — selected it for bank payment infrastructure, with the token hitting $373 on Binance.
Sources
“Hedge funds showing interest in trading TradFi instruments on Binance for arbitrage”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.