The cryptocurrency exchange Binance has opened its seventh entity in Ireland as part of its expansion into Europe. This is evidenced by data from the local Companies Registration Office.
Binance Global Sourcing will become the seventh company registered in this jurisdiction. Journalists from The Irish Independent could not determine the purpose of establishing the entity.
Earlier the exchange invited the former top executive of State Street and WisdomTree Asset Management, Karl Long, to serve as chief executive of Binance Global Sourcing.
The director of the other local companies is the platform’s CEO, Changpeng Zhao.
In October 2021, Reuters reported that Binance Ireland was being considered as one of the regional headquarters as part of its move away from a decentralized business model.
Earlier the exchange obtained licences from regulators Cyprus, Spain, France and Italy.
In November 2021, Binance CEO Changpeng Zhao said he intended to obtain approval from the British FCA.
In March 2022, the Gemini became the holder of a licence as an electronic money operator from the Central Bank of Ireland. In July the company received approval from the regulator to operate as a provider of services on the digital assets market.
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