Binance Officially Launches Crypto Exchange in New Zealand Following Regulatory Approval – Bitcoin News


Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious presence in New Zealand,” said Binance CEO Changpeng Zhao (CZ).

Binance Launches Crypto Trading Platform in New Zealand

Global cryptocurrency exchange Binance announced on Friday that it has successfully registered as a financial service 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 actually took effect on September 10, the company detailed:

This registration allows Binance NZ to offer a range of financial services, including spot trading, staking, NFTs and more.

Binance CEO Changpeng Zhao (CZ) commented: “Many major tech firms are slow to open a New Zealand office. I guess for some, it’s easy to overlook because it’s a smaller market but we see significant value in having a serious New Zealand presence .” The executive continued:

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 pioneer, so from that perspective, I think there’s a lot to learn here with our local team working with Kiwis to envision the future of currency, transactions and the web,” Zhao further opined.

Binance has expanded globally, including in Dubai, Kazakhstan, Romania, Spain, Brazil, Italy and France. The company is also said to be trying to re-enter the Japanese crypto market after exiting it four years ago. Meanwhile, the crypto exchange is seeing a record increase in the number of 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 about Binance launching a crypto trading platform in New Zealand? Let us know in the comments section below.

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Kevin Helms

An Austrian Economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection between economics and cryptography.

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