• 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).
• This registration will enable Swedish residents to access the cryptocurrency and Web3 services offered by the exchange.
Binance, the world’s largest cryptocurrency exchange by trading volumes, has recently been registered in Sweden. This was made possible after engaging with the Swedish Financial Supervisory Authority (FSA). The registration will enable Swedish residents to access the cryptocurrency and Web3 services offered by the exchange.
The registration by the FSA is the seventh license Binance has received in the European Union and the fifteenth globally. This registration will provide access to popular euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card for Swedish residents.
Richard Teng, the Head of Europe and MENA at Binance, commented on this development. He said that Binance is committed to working closely with regulators and meeting its global standards. Teng also said that Sweden is the latest addition to the list of jurisdictions which have given the regulatory green light to Binance.
Roy van Krimpen, the Nordics and Benelux lead, said that Sweden followed EU regulations and has enabled Binance to provide its services in the country. He also said that the registration is part of the exchange’s commitment to facilitate access to financial services to its users.
By registering in Sweden, Binance will create a website in the country and market itself directly to its consumers. This move will allow the exchange to expand its global presence and make it easier for Swedish residents to access its services.
With the registration in Sweden, Binance has solidified its place as one of the leading cryptocurrency exchanges in the world. The exchange’s commitment to working closely with regulators and meeting its global standards has opened doors for it to expand its presence to more countries.