Crypto-exchange giant Binance announced that it was opening new offices on the island of Jersey, United Kingdom, and has also established a EUR\GBP trading pair amongst others (Jan. 16, 2018).
According to the company’s post, Binance.je is already operating and accepting new registrations, allowing for citizens of the United Kingdom to tap a broader spectrum of trading pairs.
Binance posted on its website:
“Binance is excited to announce that Binance’s EUR/GBP Fiat Exchange, Binance.je, is now online, with trading in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs now open. Registrations, deposits and withdrawals are now also available.”
Binance is considered the world’s second largest and most popular cryptocurrency exchange whose rise to the top was meteoric; since its launch in July of 2017, the exchange exponential growth. Its rise is not compared to any other firm in the industry and today, the company is proud to have around $6 billion in assets traded in an average seven day period.
Opening a EUR\GBP trading Pair
In a move to maintain its leadership in the industry, Binance decided to expand to the European continent and provide a special service to UK citizens by adding a EUR\GBP pair. Even though the bear market has come to slow down trading action in the industry, the exchange keeps getting new user registrations and its popularity is continuously going up.
In light of the announcement, Binance is offering a small financial inventive in the form of Euros to the first 5,000 new users.
Proactively Forward Thinking
Binance is also trying to get everything right and regulation is something that the company is taking very seriously, so to avoid any a regulatory crackdown, Binance elaborated a list of jurisdictions where the company’s services are supported.
Binance has established itself as one of the preferred exchanges for crypto-enthusiasts around the world and with this latest move, the company is expanding its leadership to the European market.
Interestingly, the exchange goes a little further than most cryptocurrency trading platforms, and is often promoting a healthy blockchain ecosystem through numerous partnerships and collaborations, some of which have a philanthropic edge to them as part of the ‘Binance Charity Foundation’.
In December of 2018, Binance was part of a $200,000 donation to a charity in Malta; a couple of months prior, the exchange began to disclose and donate 100% of its cryptocurrency listing fee’s straight to charity.