Binance Now Licensed in Sweden, Expands Reach Across Europe
• Binance has been approved by the Swedish Financial Supervisory Authority, making it the seventh European nation to license the crypto exchange.
• Swedish customers will now have access to Binance’s staking service and Visa card.
• Binance is currently licensed in 15 jurisdictions and services users from over 140 countries.
Binance, one of the world’s leading cryptocurrency exchanges, has been given the go-ahead by Sweden’s Financial Supervisory Authority (FSA) to offer its services in the country. This makes Sweden the seventh European nation to license the crypto exchange, broadening its reach even further across the continent.
Swedish users will now be able to access a number of services offered by Binance, including trading cryptocurrencies, making deposits and withdrawals in euros, as well as the exchange’s staking service and Visa card. Richard Teng, the chief of Europe and MENA at Binance, expressed his gratitude for the FSA’s assistance throughout the application process and expressed his enthusiasm for the new opportunity. He commented: “We are extremely grateful to the Swedish Financial Supervisory Authority for their assistance throughout the application process and for their approval. Sweden has joined the expanding list of foreign jurisdictions that have awarded Binance regulatory permission.”
The registration in Sweden is the latest in a long line of expansions for the cryptocurrency exchange. Binance is now licensed in 15 jurisdictions, and services users from over 140 countries. This is a testament to the company’s dedication to working with regulators to “maintain global standards”, according to Binance CEO Changpeng Zhao, who recently spoke at the Crypto Finance Conference.
The news of the FSA’s approval is sure to be welcomed by Swedish crypto users and will open up a whole new world of trading opportunities. With the majority of the world’s population still unable to access cryptocurrency, Binance’s expansion into Sweden is a positive step towards greater global adoption.