Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant interest in having a serious presence in New Zealand,” Binance CEO Changpeng Zhao (CZ) said.
Binance launches crypto trading platform in New Zealand
Global crypto exchange Binance announced on Friday that it has successfully registered as a financial services provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of Binance New Zealand (Binance NZ).
Noting that the registration was in fact effective on September 10, the company detailed:
This listing enables Binance NZ to offer a range of financial services, including spot trading, staking, NFTs and more.
Binance CEO Changpeng Zhao (CZ) commented, “Many big tech companies are slow to open an office in New Zealand. I guess for some it’s easy to overlook as it’s a smaller market, but we see significant value in having a serious presence in New Zealand. The executive continues:
The history of fintech innovation in New Zealand is well known, with one of the earliest and fastest adoptions of digital transactions in the world.
“We see New Zealand as a bit of a frontrunner, so from that perspective I think there’s a lot to learn here with our local team working with Kiwis to look at the future of currency, transactions and of the web,” Zhao added.
Binance has expanded globally, including in Dubai, Kazakhstan, Romania, Spain, Brazil, Italy, and France. The company is also reportedly trying to re-enter the Japanese crypto market after leaving it four years ago. Meanwhile, the crypto exchange is seeing a record surge in Indian users after the government started imposing a new crypto tax.
The company has made regulatory compliance one of its top priorities. Last week, Binance created a global advisory board to address regulatory challenges.
What do you think of Binance launching a crypto trading platform in New Zealand? Let us know in the comments section below.
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