Bullet Points:
– Binance, the world’s largest cryptocurrency exchange by trading volumes, has been registered in Sweden.
– This registration was granted by the Swedish Financial Supervisory Authority (FSA) and will enable Swedish residents to access the services offered by the exchange.
– Binance is now licensed as a digital asset service provider in 15 jurisdictions globally.
Binance, the world’s largest cryptocurrency exchange by trading volumes, has recently secured a registration in Sweden. This registration was granted by the Swedish Financial Supervisory Authority (FSA) and will enable Swedish residents to access the services offered by the exchange. This registration comes as a major milestone for Binance and marks the seventh license that the exchange has received in the European Union.
Binance has been on a steady growth trajectory since it was founded in 2017 and is now licensed as a digital asset service provider in 15 jurisdictions globally. The Swedish registration will enable Swedish residents to access the cryptocurrency and Web3 services offered by the exchange. Some of the services that will be made available to Swedish consumers include popular euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card.
The Head of Europe and MENA at Binance, Richard Teng, commented on this development saying that Binance was committed to working closely with regulators and meeting its global standards. He further added that the Swedish registration joins the growing list of jurisdictions globally that have given the regulatory green light to Binance. Roy van Krimpen, the Nordics and Benelux lead at Binance, echoed Teng’s thoughts and said that Sweden followed EU regulations in granting the registration.
Overall, this registration is a major step forward for Binance and will enable it to tap into the promising Swedish market. It is expected that the registration will open up new opportunities for the exchange and will further boost its presence in the European Union. With this registration, Binance is now closer to becoming a financial institution in the country, which could have major implications for the cryptocurrency industry at large.