Binance, the largest digital asset exchange by trading volume, is opening its doors to serve crypto enthusiasts residing in an island country located in the Pacific Ocean.
According to a new blog post, the exchange says it has successfully registered as a financial services provider in New Zealand and officially launched “Binance New Zealand.”
Binance can now offer the country’s residents spot trading, non-fungible token (NFT) trading and staking, among others.
Says Changpeng Zhao, the exchange’s chief executive,
“New Zealand is an exciting market with a strong history of fintech innovation and our team of Binancians in New Zealand are working hard to bring freedom of crypto to Kiwis.”
The expansion to New Zealand is the latest in a spree of new jurisdictions for Binance. In July, the Bank of Spain approved the exchange’s subsidiary, Moon Tech Spain, as a virtual asset services provider (VASP), allowing Binance to offer exchange and custody services in the country.
And the Spanish registration came on the heels of the exchange receiving regulatory approval in France and Italy in May.
The company has continued to expand its operations despite the crypto bear market. Zhao said in late June that the company is currently eyeing 50-100 new deals.
“We actually see a lot of opportunity in the market. So we’re increasing our hiring, increasing our [merger and acquisition] activities, we’re looking at lowering fees on our platforms so that we make it easier for our users during this period.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/New Energy
