Binance

The world's largest crypto exchange and payment provider

Binance is perhaps the world’s largest crypto trading and payment platform with a very cleverly woven global spider web of companies spanning regulatory regimes since its inception in 2017. Binance founder Zhao Changpeng is the 18th richest person on the planet in the Bloomberg Billionaires Index with just under $64 billion.

Due to requirements imposed by the UK regulator FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the written consent of the FCA. This requirement was put in place because, in the FCA‘s view, Binance Markets cannot be effectively supervised. This is particularly concerning in the context of Binance Markets‘ membership of the global Binance Group, which offers complex and high-risk financial products posing a significant risk to consumers.

Recently, FCA-regulated Paysafe (profile) announced a partnership with the world’s largest crypto trading platform Binance.

Rate and write a review

Your email address will not be published.

Jurisdiction

United Kingdom, Lithuania, Bahamas

Legal Entities

Binance Markets Ltd
Bitfinity UAB

Is this your business?Claim it now.

Make sure your information are up to date.