Binance is entering the British market this time.
Binance, one of the leading cryptocurrency exchanges , stated that it will open an independent cryptocurrency exchange within the UK with a new announcement made today. It is stated that the crypto exchange, which is stated to be approved by the UK’s financial regulator FCA, will be covered by the UK’s fast payment system FPS network and investors can send money with it.
Binance is Spreading Around the World
The platform will serve both individual and institutional investors. In addition, it was stated that 65 cryptocurrencies will be supported on the first release date, but this can be increased in line with incoming requests. It is known that initially Sterling and Euro will be used as fiat currency.
Binance, which first entered the market as a China-based cryptocurrency exchange, had to flee to Malta due to increased regulations. Now it is not known where Binance’s center is located. Despite this, Binance recently launched a new exchange called Binance US in the US. Besides, Binance, which appeals to the European market with Binance Jersey, has spread almost to the world with its expansion to England.