Binance Gets Thumbs Up To Trade Crypto In Sweden As Part Of European Push
Binance is making a foray into Sweden after the country's Financial Supervisory Authority gave the crypto exchange's Swedish subsidiary permission to
Chart: TradingView.com In December, the company purchased the Indonesian cryptocurrency exchange Tokocrypto, and in November, it rejoined to the Japanese market by acquiring the regulated cryptocurrency exchange Sakura Exchange BitCoin.
Binance is presently the largest exchange in terms of trading volume, as it has processed $7 billion worth of crypto exchanges in the past 24 hours. It is likely able to hire aggressively despite the fact that its competitors are exercising caution.
Earlier this year, CZ stated that the company is 'establishing a compliance team,' which might aid the company in securing a license in Germany, Europe's largest economy.
-Featured image by National Geographic Kids