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Binance Launches in New Zealand amidst Global Expansion
Abstract：The Binance CEO, Changpeng Zhao described New Zealand as "an exciting market." Oceania accounts for 1 million of 320 million global crypto users.
Binance, the worlds largest cryptocurrency exchange by market capitalization, has launched a subsidiary in New Zealand.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
On Thursday, the exchange announced that it has successfully registered as a Financial Service Provider with the New Zealand Ministry of Business, Innovation and Employment.
“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 the freedom of crypto to Kiwis,” Changpeng Zhao, Binances CEO, said.
The development comes over a week after Binance secured a Minimal Viable Product (MVP) license from Dubais Virtual Asset Regulatory Authority (VARA) following a provisional license issued in March.
Presence in Oceania
According to Binance, Oceania accounts for 1 million of the current over 320 million crypto users around the world. However, New Zealand is not Binances first stop in the region.
Binance already operates Binance Australia where it has an active base of over 700,000 users and recently launched cryptocurrency contracts for difference (CFDs) for wholesale traders.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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