Binance Secures Registration in Sweden, Expands Global Reach
• Binance, the world’s largest cryptocurrency exchange, has secured registration in Sweden from the Swedish Financial Supervisory Authority (FSA).
• This registration will enable Swedish residents to access the cryptocurrency and Web3 services offered by the exchange.
• Binance is licensed as a digital asset service provider in 15 jurisdictions globally.
Binance, the world’s largest cryptocurrency exchange by trading volumes, has recently been granted a registration by the Swedish Financial Supervisory Authority (FSA). This registration marks the seventh license Binance has received in the European Union and will enable the residents of Sweden to access the cryptocurrency and Web3 services offered by the exchange.
The services available to Swedish residents include popular euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card. Richard Teng, the Head of Europe and MENA at Binance, commented on this development saying that Binance was committed to working closely with regulators and meeting global standards. Roy van Krimpen, the Nordics and Benelux lead, stated that Sweden followed EU regulations in granting the license to Binance.
The registration of Binance in Sweden is part of the exchange’s strategy to expand its presence globally. Binance has previously secured licenses in 15 jurisdictions worldwide, including the United States, United Kingdom, Malta, and Singapore. The company has also set up offices in several countries, including the UK, France, and Germany.
In addition to its global expansion, Binance is also focusing on developing its products and services. The exchange recently launched its own blockchain, Binance Chain, and launched a decentralized exchange, Binance DEX. It has also introduced a range of new products such as staking and futures trading.
Binance’s registration in Sweden is a positive development for the cryptocurrency industry. It will enable Swedish residents to access the services offered by the exchange, as well as benefit from the exchange’s global presence. Furthermore, it will also help to further legitimize the cryptocurrency industry, as more countries recognize the potential of cryptocurrencies and blockchain technology.