Binance has received a license to operate in Dubai and Bahrain
This will allow the company to strengthen its position in the Middle East
15.03.2022 - 07:35
391
1 min
0
What’s new? Binance, the world’s largest cryptocurrency exchange by trading volume, has been licensed to provide cryptocurrency services in Dubai and Bahrain. This announcement was made by Changpeng Zhao, founder of the Binance platform, on Twitter.
What is known about the new licenses? The permission to operate in Bahrain has been granted by the country’s central bank and will allow Binance to provide crypto services throughout the kingdom. As for the Emirate of Dubai, the platform will become the leading representative of the crypto industry in the World Trade Center’s free economic zone (FEZ).
The licenses obtained will allow Binance to provide the following types of services to its clients in the region: custody, trading, and asset management. As Khalid Humaidan, CEO of the Bahrain Economic Development Board, emphasized, the regulator’s approval has created “a world-class infrastructure to support the fast-growing blockchain and crypto industry.”
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 696
BTC
+1.16%
-
Ethereum
$3 367.32
ETH
+7.51%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+23.64%
-
Dogecoin
$0.390111
DOGE
+1.69%
-
Cardano
$0.866398
ADA
+10.84%
-
Bitcoin Cash
$488.86
BCH
-5.53%
-
Polkadot
$6.09
DOT
+7.6%
-
Stellar XLM
$0.28496
XLM
+16.27%
-
Litecoin
$90.57
LTC
+0.47%